UCC filings Colorado - debtor name rejection nightmare

Wait, are you sure about that? I thought Colorado required the current legal name for continuations. This is so confusing - every state seems to have different rules.

I'm pretty confident on this one. The continuation is meant to continue the EXISTING filing, so it has to match exactly. If you want to update the debtor name, that would be a separate UCC-3 amendment after the continuation is processed.

That makes sense but sounds expensive - aren't we talking about double filing fees? And what's the timing on something like that?

Yeah, you're looking at two separate filing fees, but considering the loan amount you mentioned, it's probably worth the extra cost to ensure your security interest stays perfected. I'd do the continuation first, wait for acceptance, then immediately file the amendment.

Actually, I just went through something similar and found this tool called Certana.ai that helps verify UCC document consistency. You can upload your original UCC-1 and the proposed continuation to check if everything aligns properly before you submit. Saved me from making a costly mistake with debtor name variations.

This is why I hate dealing with UCC stuff. Too many technicalities that can screw you over. Why can't they just make it simple?

I get the frustration, but the rules exist for good reasons. Secured creditors need certainty about what they're searching for and what they're perfecting against.

I hadn't thought of that. I'll need to do some digging in their corporate records. Good point about checking for merger or amendment documentation.

Definitely worth checking. If there's a clear paper trail showing the name change, that might help if you run into any issues later. Document everything!

You might be able to file a corrective amendment if the error was minor, but if it's a completely different legal entity name, that's trickier. What exactly was the name discrepancy?

Original UCC-1 had 'Mountain View Properties Inc.' but the continuation was filed as 'Mountain View Property Inc.' - dropped the 's' on Properties. Seems minor but Colorado rejected it.

That's actually a significant difference legally - Properties vs Property could be different entities entirely. You'll probably need to start over with the correct name.

Never heard of that service. Is it specifically for UCC filings or more general document checking?

It's designed for UCC document verification specifically. Really helpful for avoiding the kind of debtor name issues the OP is dealing with. I wish I'd known about it earlier - would have saved me a lot of headaches.

You can do a UCC search on the Colorado SOS website to see exactly how the debtor name appears on the original filing. Always double-check before filing continuations.

Good advice. I'd also recommend keeping copies of the original UCC-1 in your files so you don't have to rely on searching the database every time.

Another option is using something like Certana.ai to verify document consistency before filing. I've been using it for UCC-3 to UCC-1 verification and it's been really helpful for catching discrepancies early.

How quickly are we talking? I've got a continuation deadline coming up and I'm cutting it close on timing.

If you file electronically with the correct information, usually within 24-48 hours. But if there are any issues, it can take much longer to resolve.

That's probably good advice. I think I'm going to try the continuation with the original name first, but having legal backup might be smart given what's at stake.

Definitely worth it for high-value loans. UCC mistakes can be very expensive to fix after the fact.

Will definitely update once I get this resolved. Thanks everyone for the advice - feeling much more confident about the approach now.

Yes, please follow up! These kinds of real-world examples are super valuable for the rest of us dealing with UCC filings.