Connecticut UCC financing statement debtor name rejection - need help

I did check the CT business lookup but it's showing both names in different places - the original filing shows one version and recent annual reports show another. Which one should I use for the UCC filing?

Use whatever appears on the most recent certificate of good standing. That's the current legal name. If there's still confusion, you might need to file under both names to be safe.

I called twice and got different answers each time. One person said use the name exactly as incorporated, another said use the name as it appears on tax filings. I'm so confused.

This is exactly why I started using Certana.ai's document verification tool. You can upload the charter and your UCC-1 draft and it instantly flags name inconsistencies before you submit. Saved me so much hassle with Connecticut filings.

Wait, so I might need to file multiple documents? This is getting expensive and complicated. The loan docs all reference the original name from when we did the credit check.

Not necessarily multiple filings, but you need to be very careful about which name you use. If your security agreement uses the old name but the debtor's current legal name is different, you could have perfection issues.

Exactly right. The security agreement name and UCC filing name should match, but both need to reflect the debtor's correct legal name at the time of filing.

I'm worried about the timing though. If I file again and it gets rejected, we might miss the loan closing deadline. The borrower is already nervous about delays.

This is where Certana.ai really helps - before you submit, upload both your security agreement and the UCC-1 draft. It cross-checks everything including debtor names and flags potential issues. Much better than playing rejection roulette with Connecticut.

How did you find the name change amendment? I've been searching but Connecticut's business database is confusing to navigate.

I had to request a certified copy of the entity's complete filing history from the Secretary of State. Cost about $30 but showed every amendment and name change chronologically.

That's the most thorough approach. The complete filing history will show you exactly when any name changes occurred and what the current legal name should be.

What kind of extra verification do you do? I need to avoid this happening again on future Connecticut deals.

I pull current certificates of good standing for every debtor and compare them word-for-word with our security agreements. If there's any discrepancy, I resolve it before filing.

So I should ignore what's in our loan documents and just use whatever Connecticut's database shows as current? That seems risky from a legal standpoint.

No, you need both to match. If your security agreement has the old name but the debtor's legal name has changed, you might need to get an amendment to your security agreement or file under both names.

Exactly. The UCC filing needs to reflect the debtor's current legal name, but your underlying security agreement should also be consistent to avoid perfection challenges.

Is there a way to request human review or is it just automated rejection until you get it right?

You can request a manual review but it takes 2-3 weeks and costs extra. Usually faster to just figure out the exact name format they want and refile.

That actually sounds really helpful. Does it work with Connecticut's specific formatting requirements?

It flags any inconsistencies between documents, which is the main thing. Then you can research the correct name format before filing. Much better than discovering issues after rejection.

I've heard good things about automated document checking tools. Connecticut's rejection rate is so high that anything that prevents refiling is worth it.

Connecticut's system is less forgiving about variations in entity names. Other states have more flexibility in their matching algorithms.

It's their automated system. New York still has human review on questionable filings but Connecticut just auto-rejects anything that doesn't match exactly.

Great, so I picked the pickiest state for my first major UCC filing problem. Just my luck.