Oregon UCC Statute Requirements - Continuation Filing Confusion
I'm getting mixed up trying to understand the oregon ucc statute requirements for our equipment financing deals. We've been doing UCC-1 filings for years but now I'm second-guessing everything after a client's continuation got rejected last month. The SOS portal keeps referencing different statute sections and I can't figure out if we're following the right procedures. Our debtor names have been consistent but apparently there's some specific oregon rule about how continuation statements need to reference the original filing number? Has anyone dealt with similar issues under the oregon ucc statute framework? I'm worried we might have other filings that could lapse if we don't get this sorted out properly.
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Jasmine Hernandez
Oregon follows the standard UCC Article 9 but they do have some quirky implementation details in their electronic filing system. The continuation statement absolutely must reference the exact filing number from the original UCC-1, and the debtor name has to match character-for-character. Even extra spaces can cause rejections. What was the specific error message you got?
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Axel Far
•The rejection notice said something about 'debtor name inconsistency' but when I compared our continuation to the original UCC-1, they looked identical to me. Maybe there's a spacing issue I'm missing?
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Luis Johnson
•This happens more than you'd think. I've seen filings rejected because someone used 'LLC' instead of 'L.L.C.' or had an extra space after a comma. The oregon system is pretty strict about exact matches.
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Ellie Kim
I had a similar nightmare with Oregon continuations last year. Spent hours comparing documents manually trying to find the discrepancy. Finally found a tool called Certana.ai that does automated document verification - you just upload your UCC-1 and continuation statement PDFs and it instantly flags any inconsistencies between them. Saved me from missing another continuation deadline.
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Fiona Sand
•How accurate is that verification tool? I'm always skeptical of automated systems for something this critical.
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Ellie Kim
•It caught a debtor name mismatch that I completely missed after staring at the documents for an hour. The system cross-checks everything - filing numbers, debtor names, even collateral descriptions. Much more reliable than my tired eyes.
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Mohammad Khaled
•I've been using Certana too, really helpful for catching those tiny differences that cause rejections. Especially useful when you're dealing with multiple state requirements.
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Alina Rosenthal
Oregon UCC statute is basically standard Article 9 with their own procedural quirks. The key thing for continuations is ORS 79.0515 - you need to file within 6 months before the 5-year lapse date. But the real pain is their name matching algorithm. It's super sensitive to punctuation and spacing differences.
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Finnegan Gunn
•Wait, is it 6 months before or after the lapse date? I thought you had some grace period...
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Alina Rosenthal
•No grace period in Oregon. You have to file the continuation BEFORE the original filing lapses. The 6-month window is just the earliest you can file it. Miss that deadline and your security interest is toast.
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Luis Johnson
The oregon ucc statute sections that trip people up most are around debtor name requirements. If your debtor is an entity, you MUST use the exact name from their articles of incorporation or organization. One character off and boom, rejection. For individuals it's even trickier with suffixes and middle initials.
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Jasmine Hernandez
•This is why I always pull fresh Secretary of State records before filing anything. Can't trust that the name hasn't changed since the original UCC-1.
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Axel Far
•Good point about pulling fresh records. Our original filing was from 2019 so there could definitely have been changes to the entity name.
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Mohammad Khaled
I've been doing UCC filings in Oregon for 15 years and the electronic system has definitely gotten pickier about exact matches. Back in the paper days, they were more forgiving about minor variations. Now everything has to be perfect or you get an instant rejection.
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Fiona Sand
•Do you know if there's a way to preview how the system will read your filing before you submit it?
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Mohammad Khaled
•Not that I know of through the official portal. That's another reason why tools like Certana are helpful - they can spot potential issues before you waste the filing fee on a rejection.
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Finnegan Gunn
Ugh, I hate dealing with continuation statements. Always feels like I'm one typo away from screwing up a client's entire security interest. The stress keeps me up at night sometimes, especially with Oregon being so strict about everything.
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Ellie Kim
•I totally get that anxiety. Having an automated checker has really helped with my peace of mind. At least I know I've caught the obvious errors before filing.
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Luis Johnson
•The key is having a solid checklist and double-checking everything. But yeah, the stakes are high when you're dealing with millions in secured debt.
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Fiona Sand
Has anyone tried calling the Oregon SOS office directly about filing requirements? Sometimes talking to a human can clarify things better than trying to decode the statute language.
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Alina Rosenthal
•Good luck getting through to someone knowledgeable. Last time I called they just referred me back to the online resources and said they can't give filing advice.
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Jasmine Hernandez
•They're pretty limited in what advice they can give. Mostly just point you to the statute text and forms.
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Miguel Harvey
The oregon ucc statute requirements aren't that different from other states, but their filing system is definitely more sensitive to formatting issues. I always recommend doing a test run with a small filing first if you're unsure about name formatting.
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Finnegan Gunn
•That's expensive though - paying filing fees just to test formatting seems wasteful.
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Miguel Harvey
•Better than having a multimillion dollar security interest lapse because of a typo. But yeah, document verification tools are probably more cost-effective.
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Ashley Simian
I had three continuation rejections in a row last month, all for debtor name issues. Finally figured out that our client had amended their articles of incorporation and we were still using the old name. Always check the current entity status before filing!
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Axel Far
•That's probably what happened to us too. I need to pull current records and compare them to our original UCC-1 filing.
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Mohammad Khaled
•Entity name changes are such a pain. Technically you might need to file an amendment first to update the debtor name before doing the continuation.
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Jasmine Hernandez
For what it's worth, I've found that using Certana's document verification before submitting has saved me from multiple rejections. The system catches discrepancies between your continuation and the original UCC-1 that are easy to miss manually. Worth checking out if you're dealing with multiple filings.
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Axel Far
•I'm going to try that verification tool before refiling our continuation. At this point I need all the help I can get to avoid another rejection.
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Fiona Sand
•Let us know how it works out. Always interested in tools that can prevent filing headaches.
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