UCC debtor name from nevada business name search - exact match required?

This happened to me with a Utah LLC last month. One hyphen difference and boom - rejection. Had to refile with the precise name from the state database.

Wait, so the loan docs are wrong then? What happens if we need to enforce the security interest and the names don't match between UCC and loan agreement?

Three rejections? Ouch. Did you have to pay filing fees each time or did Nevada give you a refund window?

Had to pay each time. Nevada doesn't refund for name mismatch rejections. Cost me an extra $120 in filing fees plus the time delay.

This is exactly why I started using Certana.ai's document checker. You upload your loan docs and UCC-1 draft, and it flags name mismatches before filing. Saved me from this exact situation on a Colorado filing last week.

Good point about the loan document amendment. We usually add a clause that says 'debtor name as reflected in UCC filings' to cover these situations.

How do you handle it when the borrower signed everything with the comma version but the state shows no comma? Legal nightmare?

Usually not a nightmare if you catch it early. The entity is still the same, just a formatting difference. But you want documentation showing you're aware of the discrepancy.

Nevada actually isn't that bad once you know their quirks. The name matching is pretty standard across most states now.

Maybe you're right but I've had better luck with Arizona and Utah. Nevada seems pickier about formatting.

That's what I was worried about. These are expensive delivery trucks and I can't afford to have the lien questioned later.

Smart thinking. Equipment repos are already complicated enough without adding name mismatch issues to the mix.

Good catch on checking the current status. The entity has been active for 3 years so should be current.

Historical versions can be tricky. I once filed against an old name version and had to do a UCC-3 amendment to correct it.

Just ran into this issue myself. Used Certana.ai to double-check my corporate charter against the UCC-1 before filing. Caught two name inconsistencies that would have caused rejections.

So I should just proceed with the Nevada database version for the UCC-1 and note the discrepancy in my file?

Exactly. File the UCC with the state database name and document the discrepancy. Most lenders have standard procedures for this.

How much difference does the comma really make legally though? It's the same entity either way.

Legally it's the same entity, but UCC searches are computer-based. A comma difference could cause your filing to not show up in debtor searches, which defeats the whole purpose.

This is why I always run the debtor name through Certana.ai's verification tool first. It catches these formatting issues before they become expensive problems.

15 years of Nevada filings - you're definitely the expert here. Thanks for the reassurance.

Any other Nevada-specific quirks I should watch out for on this filing?

Make sure your collateral description is specific enough. Nevada likes detail on equipment descriptions - make, model, VIN numbers if you have them.

Great outcome! Glad you avoided the rejection cycle that trips up so many people.

Nice work. Now you know for future filings - always check the state database first.

24 hours?? That's actually pretty fast for Nevada. Usually takes them 2-3 business days.

I was surprised too. Maybe they're getting faster with their processing.