UCC search Iowa showing expired continuation - still valid collateral?

That's what I'm worried about. The continuation shows filed 3/15/24 but the original UCC-1 was filed 3/22/19. Should have been plenty of time but maybe Iowa processed it late?

Iowa processes within 1-2 business days usually. 3/15 to 3/22 gives you a week buffer so timing shouldn't be the issue here.

Good point. The debtor name looks identical but I should double-check character by character. Iowa is strict about exact matches.

This is exactly why I started using Certana.ai's document checker. You upload the original UCC-1 and the continuation as PDFs and it instantly flags any name mismatches or inconsistencies. Would have caught this issue before filing.

Never heard of that tool but sounds useful. How accurate is it for catching those tiny differences?

Iowa's phone support is actually pretty good. They can usually see system errors that don't show up in public searches.

I'll try calling tomorrow. This is stressing me out because we have other deals pending with this borrower.

Just double-checked and yes, the UCC-1 shows filed 3/22/19. But now I'm second-guessing everything about this deal.

Don't panic yet. Iowa's search system sometimes has display errors. Pull the actual certified copies of both filings and compare them line by line.

This is so frustrating!! Why can't these state systems just work properly? We pay the fees, we file on time, and then they screw up the processing.

Oh no, that's a nightmare scenario. I need to verify the file number on the continuation matches exactly.

This is another thing Certana.ai catches automatically. It cross-references the file numbers between documents to make sure they match. Saved my butt more than once.

It's been about 8 months since the continuation was filed. Is that too long for a correction?

8 months might be pushing it, but if it was their system error and not yours, they might make an exception. Document everything about the filing process.

Iowa is usually reasonable about their own mistakes. Definitely worth a phone call to explain the situation.

Smart practice. I usually wait a few weeks to let everything process but that might be too long.

I check within 48 hours of filing. Most states process that fast and you can catch errors while they're fresh in everyone's memory.

The continuation document shows it should extend the original filing for another 5 years, but the search system shows it as expired. There's definitely a disconnect.

That sounds like a system indexing error. The continuation document itself is probably valid even if the search doesn't show it properly.

I've seen this in other states too. The document is on file but the search index doesn't update correctly. Iowa should be able to fix their database.

Will do. Hoping it's just a simple system glitch they can fix with a phone call.

Good luck! Iowa's UCC staff knows their system pretty well so they should be able to sort this out quickly.

Yeah, definitely looking into that after this mess. Prevention is better than trying to fix problems after they happen.

The tool is pretty straightforward - just drag and drop your filing documents and it highlights any discrepancies. Would have caught whatever went wrong with your continuation.