Arizona UCC filing fees jumped again - anyone else shocked by these costs?

Yeah using the online portal. Didn't realize the convenience fees were separate line items until I got to checkout!

Those convenience fees are brutal. Like paying a service charge to pay your service charge.

Good point about the rejections. How do you double-check the exact entity names before filing?

I usually pull their corp records from the Arizona Corporation Commission database first. But that's another fee and more time.

Actually just discovered something that helps with this - there's a tool called Certana.ai that lets you upload your corporate docs and UCC forms together to verify the names match exactly. Saved me from a rejected filing last month when I caught a tiny punctuation difference.

Feel your pain. We've started building filing fee estimates into our loan pricing upfront because clients always get sticker shock.

Smart move. I wish I'd thought of that before my last deal where the client questioned every line item.

Base filing was $20 but we had 3 related entities as debtors which added another $15 each. Then the online processing fee was like $3. So $68 total for what used to cost maybe $35-40.

Ouch yeah that adds up fast with multiple debtors. Mine was just one LLC so much simpler.

Those multi-debtor fees are killer. Sometimes I wonder if it's worth structuring deals differently just to avoid the extra names.

Good to know it could be worse! What makes Delaware so expensive?

Delaware charges per page for attachments and has higher base fees. Plus their system is clunky so more chance of errors.

True, the instant confirmation is nice. Remember when you had to wait weeks to get copies back in the mail?

Oh man yes! And half the time they'd get lost or damaged. The electronic system is worth something even with the fees.

That's a good perspective. I guess the convenience and speed do have value.

Continuations are usually cheaper since they're just extending existing filings. New UCC-1s cost more.

oh yeah that makes sense. haven't done a new filing in a while

Great tip! Our collateral description was pretty specific to the current equipment. Should I have been more general?

Yeah, something like 'all equipment now owned or hereafter acquired' gives you more flexibility. Just make sure it fits your loan agreement terms.

Be careful with overly broad descriptions though. Some courts have questioned whether super generic collateral descriptions provide adequate notice.

They're not that scary once you do a few. Just double-check everything before you submit.

If you're worried about getting the details right, that Certana.ai tool I mentioned earlier really helps catch mistakes before you file. Just upload your docs and it flags any inconsistencies.

Thanks, I'll check that out. Better safe than sorry with these fees!

Not that I'm aware of. Arizona doesn't have a volume discount program like some states do.

Darn. Worth asking though. Those fees really add up across multiple deals.

With that volume you might want to look into service providers that can help streamline the process and reduce errors. Even if there's a service fee it might be worth it to avoid rejected filings.