LoanPal UCC termination filing - worried about timing and debtor name accuracy
Need some guidance here. We have a solar financing deal that went through LoanPal last year and the borrower just paid off early. I'm handling the UCC termination but honestly getting nervous about the details. The original UCC-1 has the debtor listed as 'Johnson, Michael R.' but our loan docs show 'Michael Robert Johnson' - is this going to cause issues with the termination filing? Also, LoanPal's system shows the loan as satisfied but I want to make sure I'm not missing any steps. The filing number is legible but I'm second-guessing everything since this is our first early payoff with them. Anyone dealt with LoanPal UCC termination procedures before? Trying to avoid any problems that could come back to bite us later.
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Edward McBride
The name variation you mentioned shouldn't be a problem as long as the core identifying information matches. LoanPal typically files UCC-1s pretty cleanly. What state are you filing the termination in? Some states are more particular about exact name matches than others.
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Gael Robinson
•We're in California. The UCC-1 shows Johnson, Michael R. on the debtor line but our credit app and loan agreement both have Michael Robert Johnson. Should I use the exact name from the original filing or the loan docs?
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Edward McBride
•For California, stick with exactly what's on the original UCC-1 filing. The SOS system will match against that. You want 'Johnson, Michael R.' on your UCC-3 termination to ensure it links properly.
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Darcy Moore
Had a similar situation with a different solar lender last month. The key is making sure your UCC-3 termination references the exact debtor name and filing number from the original UCC-1. Don't overthink the name variations - just match what's already on file.
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Dana Doyle
•This is exactly the kind of thing that used to stress me out until I started using Certana.ai's document checker. You can upload your original UCC-1 and your draft UCC-3 termination and it'll instantly flag any inconsistencies in debtor names or filing numbers. Takes like 30 seconds and gives you peace of mind.
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Gael Robinson
•That sounds helpful. I keep manually comparing documents but worried I'm missing something obvious.
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Dana Doyle
•Yeah, that's exactly why I started using it. The tool catches those little details that are easy to overlook when you're staring at multiple documents. Especially helpful with solar deals where there are often multiple name variations across different paperwork.
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Liam Duke
LoanPal usually handles their UCC filings pretty systematically. Did they provide you with a payoff letter or satisfaction document? That should have the filing details you need for the termination. Also double-check that there aren't multiple UCC-1s if the loan amount was large.
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Gael Robinson
•Yes, got the payoff letter but it just references the loan number, not the UCC filing number. I pulled the UCC-1 from the California SOS site directly. Only shows one filing so we're good there.
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Liam Duke
•Perfect. Since you have the actual UCC-1 from the SOS, you've got everything you need. Just make sure your termination filing references that exact filing number and debtor name.
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Manny Lark
Quick question - how long has it been since the loan payoff? You don't want to sit on this too long. Some states have timing requirements for UCC terminations after satisfaction.
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Gael Robinson
•Loan was satisfied about 3 weeks ago. I know California has the 20-day rule for sending termination statements to borrowers, but is there a deadline for actually filing the UCC-3 termination?
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Manny Lark
•California doesn't have a specific deadline for filing the UCC-3 termination itself, but the 20-day rule for sending the termination statement to the debtor is important. You're cutting it close there.
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Rita Jacobs
•Actually, I think you're confusing two different requirements. The 20-day rule is for providing a termination statement to the debtor, not filing the UCC-3. But you should definitely get the termination filed soon to clean up the record.
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Khalid Howes
Why are lenders always so paranoid about UCC terminations? Just file the damn thing with the correct filing number and move on. The system isn't that complicated.
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Gael Robinson
•Easy to say when it's not your deal. I've heard horror stories about terminations getting rejected or not linking properly to the original filing.
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Ben Cooper
•Those horror stories usually come from sloppy preparation. If you have the original UCC-1 and you're careful about matching the details, terminations are pretty straightforward.
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Naila Gordon
I use Certana.ai whenever I'm dealing with UCC document consistency issues like this. Upload your original UCC-1 and your draft termination and it'll verify everything matches up properly. Saved me from several potential filing errors.
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Cynthia Love
•How accurate is that tool? I'm always skeptical of automated checkers for legal documents.
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Naila Gordon
•It's specifically designed for UCC documents, so it knows what to look for - debtor name consistency, filing number accuracy, that kind of thing. Not trying to do legal analysis, just document comparison.
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Gael Robinson
•Might give it a try. At this point anything that helps me double-check my work would be useful.
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Darren Brooks
LoanPal terminations are usually pretty clean in my experience. The main thing is making sure you're using the right debtor name format. If the original UCC-1 shows 'Johnson, Michael R.' then that's what goes on your UCC-3 termination.
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Rosie Harper
•Agreed. The California SOS system is pretty good about matching filings as long as you use the exact same debtor name format from the original.
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Gael Robinson
•That's reassuring. I was overthinking the name variation issue.
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Elliott luviBorBatman
Just to add another perspective - I've done probably 50+ UCC terminations for solar deals and the key is always exact consistency with the original filing. Don't try to 'correct' names or format them differently, just match exactly what's on the UCC-1.
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Gael Robinson
•That's helpful experience. I'll stick with the exact debtor name from the original UCC-1 filing.
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Demi Hall
•Yeah, I learned that lesson the hard way early in my career. Tried to 'fix' a debtor name on a termination and it didn't link properly to the original filing.
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Mateusius Townsend
One thing to double-check - make sure LoanPal didn't file any amendments or continuations that might affect your termination. Usually not an issue with solar loans since they're relatively short-term, but worth verifying.
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Gael Robinson
•Good point. I only see the original UCC-1 filing when I search the California SOS database, so looks like we're clear there.
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Mateusius Townsend
•Perfect. With just the original UCC-1 filing, your termination should be straightforward.
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Kara Yoshida
Update us when you get the termination filed! Always curious to hear how these LoanPal deals work out.
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Gael Robinson
•Will do. Planning to file the UCC-3 termination tomorrow morning. Feeling much more confident after all the feedback here.
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Philip Cowan
•Good luck! The California SOS online system makes terminations pretty painless once you have all the right information.
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Romeo Quest
Just wanted to chime in as someone who's been through similar situations - the advice here is spot on. I've handled several early payoffs with solar lenders and the key is really just being methodical about matching the original filing details. The name variation you're worried about (Johnson, Michael R. vs Michael Robert Johnson) is actually pretty common and shouldn't cause issues as long as you use exactly what's on the UCC-1. California's system is pretty forgiving with these kinds of variations, but consistency is still the safest approach. Sounds like you've got all the pieces in place - the original UCC-1 from the SOS site, confirmation it's the only filing, and the payoff documentation. You're being appropriately cautious, which is good, but don't let the nerves paralyze you. File that UCC-3 termination and you'll be all set.
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