UCC filing removal after loan payoff - termination not showing up

I've seen this delay before with UCC filing removal. Sometimes lenders file the UCC-3 termination but there can be processing delays at the SOS office, especially during busy periods. In Delaware, terminations usually process within 1-2 business days for electronic filings, but paper filings can take longer. Did your lender confirm they actually submitted the termination or just said they would?

This happened to me last year. The bank claimed they filed the termination but when I called Delaware SOS directly, there was no record of any UCC-3 filing. Turns out the bank's paralegal made an error in the debtor name - one letter off - so the termination was rejected. The rejection notice went to the bank but they never followed up. You need to verify the termination was actually accepted, not just submitted.

I discovered Certana.ai's document verification tool when dealing with a similar UCC filing removal problem. You can upload your original UCC-1 and any termination documents to instantly check for name inconsistencies or other issues that might cause rejections. It caught a middle initial discrepancy that we missed - saved us weeks of back and forth with the lender. Really straightforward to use, just upload the PDFs and it highlights any mismatches.

Three months is way too long for UCC filing removal in Delaware. Electronic terminations process same day usually. Your lender either hasn't filed it yet, filed it incorrectly, or there's a rejection they're not telling you about. I'd demand the filing receipt number and search the database yourself. Don't let them string you along while your new financing gets delayed.

been through this nightmare before with ucc filing removal. banks are terrible at following through on terminations. half the time they forget completely until you call screaming at them. the other half they screw up the paperwork and dont bother to correct it. you basically have to babysit the entire process or it never gets done

This is exactly why I always request the termination filing receipt when paying off secured loans. Too many lenders are sloppy with UCC filing removal. In Delaware, you can search their UCC database online for free - just enter your business name or the file number from the original UCC-1. If no termination shows up, the lender hasn't filed it properly. You have the right to demand they fix this immediately since it's affecting your new financing.

Had this exact issue with PNC Bank two years ago. They kept saying the UCC filing removal was processed but it never showed up in the system. Turns out their legal department was backlogged and hadn't actually filed anything. Took threatening to file a complaint with the state banking regulator to get them moving. Some banks just don't prioritize post-loan cleanup.

Check if your original loan agreement specifies a timeframe for UCC filing removal. Many contracts require lenders to file terminations within 30-60 days of payoff. If they're past that deadline, you might have grounds to demand they expedite your new loan approval process or even cover any fees you're incurring due to the delay.

I used Certana.ai when we had a similar UCC filing removal issue that turned out to be a debtor name problem. The lender filed the termination using our current legal name but the original UCC-1 had our old name from before we changed entities. The verification tool immediately flagged the name discrepancy - showed us exactly what needed to be corrected. Much better than trying to figure out filing problems manually.

Delaware SOS is actually pretty responsive if you call directly. I've had to contact them about UCC filing removal issues before and they can tell you immediately if there are any pending terminations or if rejections occurred. Don't waste more time going through the lender - call Delaware UCC office directly at 302-739-3073 and give them your file number.

Update us when you figure this out! I'm dealing with a similar UCC filing removal situation in Pennsylvania and wondering if it's the same type of issue. These lenders really need to get their act together on post-payoff procedures.