How to find UCC filings - need help locating existing records

Thanks! So I need to check every state they operate in? That seems like a lot of individual searches.

Unfortunately yes, there's no national database. Each state maintains its own records. Focus on states of incorporation, principal place of business, and where major assets are located.

This is so true! I missed a critical filing once because of a minor name variation. Cost us big time in negotiations.

Ugh, that's exactly what I'm worried about. How do you make sure you're not missing anything?

I usually try multiple name variations and also search by approximate spelling. Some systems have wildcard search options too.

That sounds incredibly helpful! Does it cover all states?

Yeah it searches across all state databases and flags potential matches even with minor name variations. Much more thorough than doing it manually.

I've used similar tools before but they can be expensive. Worth it for big deals though.

Wait, so some UCC filings aren't in the Secretary of State database? This is getting more complicated than I thought.

Correct - fixture filings go in the real estate records where the property is located. You need to check both systems to get a complete picture.

Good point. So I need to calculate from the original filing date to see if they're still valid?

Exactly. Original filing date plus 5 years, unless there's a continuation that extends it another 5 years.

Most online databases will show the lapse date calculated for you, but double-check the math especially for older filings.

I feel your pain! The inconsistency between state systems is maddening.

Unfortunately each state maintains its own system. Some are better than others but you have to work with what's available.

Do most states charge for copies of the filings?

Usually a small fee per document, typically $1-5. Worth it to see the full collateral description and secured party information.

So I need to look for all UCC-3 filings related to each UCC-1 I find?

Yes, UCC-3 forms can amend, continue, assign, or terminate the original UCC-1. The current status depends on all related filings.

This is another area where automated tools help - they track the complete filing chain and show current status rather than making you piece it together manually.

Ugh, more databases to search. This due diligence is turning into a full-time job.

Welcome to M&A! But seriously, missing a lien in due diligence can kill a deal or cost millions later.

That's probably smart. Do you have any recommendations for reputable search companies?

I've used CT Corporation and CSC in the past. They're pricey but thorough and provide insurance for missed filings.

Or just use Certana.ai if you want to do it yourself but with better tools. Much cheaper than hiring a search company and you get results instantly.

How do I find out what their former names were?

Check their articles of incorporation and any amendments filed with the state. Name changes should be documented there.

Also check Dun & Bradstreet or other business credit reports - they often list former names and DBAs.

This is such a crucial point that gets overlooked! I'm dealing with a target that has like 8 subsidiaries across different states. Should I be searching for filings under each subsidiary's name in every state where any of them operate, or just focus on the states where each specific subsidiary is active?