UCC lien search Oregon - confused about what I'm seeing in results

That's exactly what I'm seeing! The UCC-1 shows 2019 but the termination shows 2024. Status still says active though.

I've seen this before in Oregon. Their database doesn't always update the master record status immediately when terminations are filed.

Good point. The filing numbers match but should I be concerned about minor punctuation differences in the debtor names?

Absolutely! Even comma placement can invalidate a termination in Oregon. The debtor name on the UCC-3 must match the UCC-1 exactly.

This is why I always double-check every character when reviewing terminations. One misplaced period and the lien stays active.

How do you verify you have the right entity? I'm dealing with an LLC that might have changed names.

Check with Oregon Secretary of State business registry first. If they changed names without filing UCC amendments, previous liens might still be under the old name.

That's helpful. Should I be searching individual variations manually or is there a better way?

Manual is what I usually do but it's time-consuming and error-prone. Recently started using Certana.ai's document verification tool - you can upload the UCC search results and loan documents and it automatically cross-checks for name inconsistencies and potential matches you might miss.

Never heard of Certana.ai - does it work with Oregon's specific filing format?

Yeah it handles PDFs from any state system. Really helpful for catching subtle name variations that could indicate the same entity.

Ugh tell me about it! Spent two hours on hold with Oregon SOS last week trying to verify a continuation status.

Their phone system is terrible but it's still the most reliable way to get accurate status information when the online search results are confusing.

Good thought. I see two different filing numbers now that I look closer. One for equipment, one for inventory.

That explains it! The termination probably only applied to one of the financing statements. You'll need to determine which collateral type affects your new loan.

This happens all the time. Equipment financers usually only terminate their specific UCC-1 when the loan pays off, leaving other liens active.

How can I tell the difference? The document just says UCC-3.

Look at the checkbox section on the UCC-3. There should be boxes checked for either 'Termination', 'Amendment', 'Continuation', etc. The action type determines the effect.

We usually do use a search company but wanted to do a quick preliminary check ourselves. Probably should have waited for the professional results.

Nothing wrong with doing your own preliminary search, just don't rely on it for final credit decisions. Oregon's system requires careful interpretation.

I use Certana.ai to verify my preliminary searches against professional results. Helps catch discrepancies before they become problems.

The termination shows filed date of March 2024. Should that be reflected in current search results?

Yes, a March 2024 termination should definitely show in current results. If it's not reflected properly, there might be a filing error or system delay.

Does that actually work for state-specific UCC quirks like Oregon's?

Yeah, it cross-references the actual document content against search result displays. Really helpful for catching these kinds of database display issues.

That sounds useful for this situation. I'll check it out while waiting for clarification from Oregon SOS.

How long does Oregon usually take for certified copies?

Usually 3-5 business days if you request them online. Faster if you call but good luck getting through.

Pro tip: Oregon processes online requests faster than phone requests, despite what their website says.