Georgia UCC statement request form - need help with debtor name verification

This is exactly why I'm paranoid about debtor names. One missed comma and your whole security interest could be at risk.

The rejection rate on UCC-3s due to name mismatches is ridiculous. Georgia is pretty strict about exact matches.

Never heard of that but sounds useful. How does it work exactly?

You just upload the PDFs - like your original loan docs and then the UCC statements you pull from Georgia. It automatically compares debtor names, collateral descriptions, all that stuff. Really saved me time on a 20+ loan review.

That actually sounds perfect for what OP is dealing with. Manual verification of 15 debtors would take forever.

That's what I was afraid of. So if we need to do continuations and the names don't match exactly, we're basically stuck?

You'd need to file a UCC-3 amendment first to correct the debtor name, then file your continuation. Or you might need to refile entirely depending on how significant the discrepancy is.

This is why I always triple-check names before filing anything. One typo can cost thousands in legal fees to fix.

Yeah but if you don't know what variations might be on file, you could miss stuff. That's the problem with manual searching.

True. I've had situations where the debtor was filed under a completely different name structure than what we had in our records.

Extra spaces are the worst! How did you finally figure it out?

Had to get a certified copy of the original filing and compare it character by character. Never again.

This is why I always request certified copies for anything important. The online search results sometimes don't show formatting exactly right.

Good point. We do have some equipment financing that might involve fixtures. Didn't even think about that complication.

Fixture filings in Georgia require real estate records searches too. Adds another layer of complexity.

Does it work with Georgia's statement format specifically?

Yeah, it handles PDFs from any state's UCC system. The AI reads the documents and compares all the key fields - debtor names, filing numbers, collateral descriptions, everything.

How did you catch all the variations?

Combination of exhaustive searching and document verification tools. Manual searching alone wouldn't have caught everything.

This is exactly why banks need better UCC portfolio management processes. Too much risk in manual systems.

Good catch. What's the grace period in Georgia for missed continuations?

There isn't one really. Once it lapses, your security interest is gone. That's why timing is so critical on these portfolio cleanups.

That's reassuring. Always nervous about trying new tools for compliance work.

I was skeptical too but it's pretty straightforward. Just upload your documents and it does the comparison automatically. Found issues we would have definitely missed doing it manually.