NC UCC search results showing wrong debtor name - will this void our security interest?

This is reassuring but how do you actually verify the exact name? Is there a specific database or do you have to request certified copies?

You can search the NC corporate database online for free. Just look up the entity and check the exact name format in their active status. Takes about 2 minutes.

Did you end up filing an amendment or just leave it as-is? I'm torn between being overly cautious and wasting time/money on unnecessary paperwork.

We left it alone after our attorney confirmed the filing was sufficient. But honestly if it's a big deal like yours I might file an amendment just for peace of mind.

Peace of mind is worth the $15 amendment fee IMO, especially on a $2.8M deal.

That sounds exactly like what I need right now. Does it handle NC filings specifically or is it more general?

It works with all states including NC. Really saved us time compared to manually comparing documents line by line. The verification is pretty thorough.

Smart approach. Do you search using the exact name from your loan docs or try variations?

Both. I search the exact name first, then try common variations. Sometimes you find filings you didn't expect that way too.

This is why I hate electronic filing systems. Give me paper forms any day where you can see exactly what gets recorded.

Yes, our original submission definitely included the comma. It's the system that removed it. That makes me feel better about the legal sufficiency.

Then you should be fine legally. The filing serves its notice function even with the formatting change. But document everything in case questions arise later.

Agreed. The amendment filing is cheap insurance. Plus it creates a clear paper trail showing you caught and corrected the discrepancy.

But doesn't filing an amendment suggest there was an error in the original filing? Could that create more problems than it solves?

Not really. Amendments happen all the time for various reasons. Courts understand that electronic systems can create formatting issues.

Do you remember which court or case? I'd love to research the specific ruling for our situation.

It was a Middle District of NC bankruptcy from about 3 years ago. I don't recall the case name off the top of my head but it involved equipment financing too.

I tried calling but got transferred three times and never reached someone who could give me a definitive answer. They just kept saying 'the filing was accepted.

Try asking for a supervisor or someone in the UCC division specifically. Sometimes the general staff doesn't know the nuances.

In my experience the SOS office won't give legal advice anyway. They'll just confirm whether a filing was accepted or rejected.

Good point. I found two other active filings against them and both show the name without the comma. So it seems like this is just how NC formats LLC names in their system.

That's actually perfect evidence that the formatting is systematic, not an error. Definitely document that for your file.

That sounds really useful for loan review processes. Does it integrate with any particular loan origination systems?

I just uploaded PDFs manually but it was still much faster than doing the comparison by hand. The detailed report it generates is helpful for documenting due diligence too.

Will do. Based on the feedback here I'm leaning toward filing the amendment just for extra protection, but I want to research that bankruptcy case first.

Smart approach. Documentation is everything in this business.

Yeah keep us posted. These system quirks are good to know about in advance.