UCC filings NC deadline confusion - continuation vs amendment timing

This is correct about the 5-year rule. I learned this the hard way when one of our filings lapsed because we tried to continue with an outdated debtor name.

Wait, so amendments have to come first? I thought you could do everything in one UCC-3 filing...

So we're looking at potentially dozens of separate filings then? This is getting expensive fast.

Unfortunately yes, each name change needs its own amendment, then each continuation is separate. It adds up quickly but it's the only way to maintain perfection.

Have you tried using any document verification tools? I found one called Certana.ai that helped me catch name mismatches before filing. You can upload your original UCC-1 and the proposed UCC-3 and it'll flag any inconsistencies automatically.

omg yes! the portal crashes if you try to do too many at once

The portal has issues but individual filing is actually safer for tracking purposes anyway.

Hard deadline. If you don't file by the 5-year anniversary, your security interest lapses. No grace period.

That's what I was afraid of. We've got about 6 weeks to get everything sorted.

How does that work exactly? Do you just upload PDFs?

Exactly - upload your Charter documents and UCC-1, or UCC-3 and UCC-1, and it cross-checks everything. Much faster than manual comparison.

Interesting, I've never heard of automated document verification for UCC filings. Might be worth trying given how many filings we're dealing with.

No, that's not correct. A UCC-3 can serve multiple purposes but if you're continuing AND amending, you need separate filings to ensure clarity.

The NC SOS specifically requires separate filings for name amendments before continuations. It's in their filing guide.

Start early and create a spreadsheet to track everything. That's the only way to manage multiple filings without missing deadlines.

Definitely recommend the document verification approach I mentioned earlier. Better to catch errors upfront than deal with rejected filings later.

Good suggestion, I'll try calling them tomorrow morning.

Ask specifically about their interpretation of name change amendments before continuations. Get it in writing if possible.

Happy to help. These filing issues affect so many lenders, it's good to share solutions.

That's encouraging. At this point anything that reduces errors and saves time is worth trying.

The interface is pretty straightforward - just upload your documents and it highlights any discrepancies. Much more reliable than trying to catch everything manually.

How long does the verification process take?

Nearly instant. The analysis happens as soon as you upload the PDFs.

That's exactly right. And remember the hard 5-year deadline with no extensions.

Agreed, this thread saved me from making some expensive mistakes. Time to get organized and start filing.