UCC 11 search arizona - help interpreting search results for lien verification

This is exactly why I always do multiple search variations when running UCC 11 searches. I'll search with and without commas, periods, abbreviations expanded (LLC vs Limited Liability Company), etc. Better safe than sorry when it comes to lien priority.

Wait so even terminated filings from 2019 could still matter? I thought once something was terminated it was completely cleared from affecting new loans.

Terminated filings themselves don't create ongoing liens, but they can provide valuable information about the debtor's borrowing history and what collateral was previously encumbered. Sometimes lenders forget to file terminations or file them incorrectly, so it's worth investigating further if you see patterns.

How do I get copies of the actual filings? The search results just show basic info but I need to see the full collateral description to know if there's overlap.

On the Arizona SOS UCC search page, there should be a link or button to 'View Image' or 'Get Copy' next to each filing. There's usually a small fee per document but it's worth it to see exactly what was filed. The collateral descriptions can be very different from what shows up in the search summary.

Just remember that even if you see terminated filings, double-check that the termination was filed correctly and references the right original filing number. I've seen cases where terminations were filed against the wrong UCC-1 number by mistake.

That sounds helpful - does it work with Arizona UCC search results? I'm drowning in trying to compare all these different document formats manually.

Yes, you just upload PDFs of whatever you found in your UCC 11 search arizona results along with your loan docs and it does the comparison automatically. Much faster than trying to spot discrepancies by eye, especially with name variations and complex collateral descriptions.

How can you tell if a termination was filed by the right party? Sometimes the names on terminations look different from the original secured party.

Good question. The termination should either be filed by the exact same secured party name as shown on the original UCC-1, or there should be an assignment (UCC-3 amendment) on record showing the transfer of the security interest to the party filing the termination. If neither exists, the termination might not be effective.

This is getting complicated. Are there professional services that can help interpret UCC search results? I don't want to mess up a major equipment deal because I misread something.

Great point about system lag. I've seen cases where lapsed filings still show up in search results for months after they should have dropped off. Always check the math on the filing dates versus continuation deadlines.

So even though I see these 2019 filings marked as 'terminated' in my UCC 11 search arizona results, I should still verify the timeline and make sure everything adds up properly?

Exactly. 'Terminated' means someone filed a UCC-3 termination statement, but you want to verify that was done correctly and by the right party. 'Lapsed' would mean the 5-year period expired without a continuation. Both should clear the lien, but the path matters for determining if it was done properly.

I feel your pain! The search interface isn't the most user-friendly. I usually end up doing like 5 different searches with different name combinations just to make sure I'm not missing anything.

Have you tried searching during off-peak hours? I swear the system works better early morning or late evening when fewer people are hitting it.

How did you figure out the termination wasn't properly filed? What should I be looking for?

The termination referenced a different UCC filing number than the original UCC-1, so it didn't actually terminate the right filing. Had to contact the previous lender to get them to file a corrected termination. Could have been a major problem if we hadn't caught it.

What's the typical cost for professional UCC search services in Arizona? Trying to figure out if it's worth it for our deal size.

Depends on the scope but usually a few hundred dollars for a comprehensive search and analysis. Way cheaper than dealing with a priority dispute later if you miss an existing lien.

We use Certana.ai for document verification after we get search results. Upload all the UCC filings and loan docs and it flags any potential name mismatches or collateral conflicts automatically. Saves time on the analysis part.

Excellent suggestion! Cross-referencing with corporate records is a smart verification step that too many people skip.

I didn't think to check corporation commission records. That's a great idea to verify the exact legal entity name.

That's reassuring to hear from someone with long experience. I'll definitely err on the side of caution and investigate these potential matches further.

This is where automated document checking tools like Certana.ai really shine - they can flag these kinds of name variations that might be easy to miss or dismiss when doing manual review.

Agreed on being conservative. I've seen too many deals go sideways because someone made assumptions about name differences or termination effectiveness.

Yes! I learned this the hard way. Spent an hour getting search results, left to grab coffee, came back and had to start over because the session expired.

Good tip! I'll make sure to download copies of all the filings I found before closing out of the search.