UCC 1 filing with secretary of state - debtor name keeps getting rejected

But what if our loan agreement specifically references the comma version? Won't that create a disconnect between our security docs and the UCC filing?

The UCC filing takes priority for perfection purposes. Your loan docs can reference whatever name, but the filing has to match state records exactly or it's not valid.

Easier said than done when you're working with 50+ borrowers a month. Sometimes you don't catch these discrepancies until filing time.

That's exactly when you need better document verification processes. One name mismatch can void your entire security interest.

Had a colleague lose a $1.2M claim because of a similar name issue. The debtor went bankrupt and their UCC was deemed invalid due to name mismatch. Painful lesson.

Never heard of that tool. Does it actually check against secretary of state databases or just compare your internal documents?

It does both - compares your documents to each other AND highlights potential state filing issues. Really helpful for catching these comma/punctuation problems before you submit.

I get the frustration but the strict name matching is actually protective. It prevents confusion and ensures clear title chains. Imagine if names were "close enough" - that would create way more problems.

I suppose you're right, but when you're under deadline pressure it feels like bureaucratic nonsense.

Online through the state portal. Trying to avoid the paper filing delays since we're already behind schedule.

Yeah online is definitely stricter. But faster once you get the name right. Paper filings can take weeks to process.

That's probably the most practical approach. I'll push back on legal and explain the perfection requirements.

Exactly right. UCC perfection trumps internal document consistency every time. File it correctly first, clean up paperwork later.

This is the right answer. I learned this the hard way after multiple filing rejections. The SOS name is gospel for UCC purposes.

Good point about checking current status. I pulled the records two weeks ago but should verify they haven't changed.

Yeah, always pull fresh records right before filing. Entity names can change without notice to creditors.

That's reassuring. I was worried about creating problems between our loan docs and the filing, but sounds like that's normal.

Super normal. Most lenders have slight discrepancies between loan docs and UCC filings. The filing is what matters for perfection.

How accurate is the automated checking? I'm always skeptical of AI tools for legal document review.

It's surprisingly good for basic consistency checks like names, addresses, and filing numbers. Obviously you still need human review for complex legal issues, but for catching obvious mismatches it's been solid.

You're probably right. I'll file with the exact SOS name tomorrow and deal with any internal paperwork issues later. Thanks everyone for the reality check.

Smart move. Getting the UCC filed correctly is your top priority. Everything else can be sorted out afterward.