UCC statement service fee charged twice - need help understanding filing costs

Thanks for clarifying! So we're not getting ripped off, it's just how they structure the pricing. Still seems like they could be more transparent about it upfront.

The pricing structure is confusing on purpose. They make more money that way from people who don't understand the fee breakdown.

We're primarily in Texas and Florida. Both seem to have this dual fee structure but Florida's fees are almost double Texas rates.

Florida's definitely one of the more expensive states for UCC services. Texas is actually pretty reasonable comparatively. Are you getting both UCC-1 and UCC-3 documents in your searches?

Yes, we need the full filing history including any amendments and continuations. That might explain why the fees seem higher than expected.

Interesting - we do have most of the original filings already. How accurate is the automated checking compared to pulling fresh statements?

It's pretty thorough for catching discrepancies in debtor names and filing details. Obviously won't replace pulling new statements for recent activity, but for historical consistency checks it's saved us tons of time and fees.

Wait, this sounds too good to be true. How do you know it's catching everything that a manual review would find?

OMG yes! The 'expedited' fees are such a scam. Regular service takes a week, expedited takes 4 days for double the cost.

We've been paying expedited fees thinking it would be same-day service like some other states offer. Good to know we're probably wasting money there too.

No, these are definitely search fees. We're pulling existing statements for loan compliance, not filing new UCCs. The invoices clearly show both charges.

Ok good, just wanted to make sure. I've seen finance teams accidentally compare apples to oranges with UCC costs before.

Unfortunately true. And the fees keep going up every year with no improvement in service quality or speed.

Exactly why we're looking at ways to reduce how often we need to pull fresh statements. The compliance requirements haven't changed but the costs keep climbing.

That's a great suggestion! We definitely hit those volume numbers. I'll reach out to see what kind of pricing they offer for bulk accounts.

Bulk accounts usually require annual commitments but the savings can be significant if you're doing regular portfolio reviews.

Yeah, we saved about 30% on our annual UCC costs by switching to a bulk account. Just had to prepay for estimated annual usage.

Now that you mention it, the amendment searches do seem to cost more. Maybe because they have to pull multiple related documents?

That's my theory too. UCC-3 searches probably require more database work to trace the filing history back to the original UCC-1.

Good to know they'll explain it if you call! I was hesitant to tie up their phone lines with what seemed like a basic question.

Their customer service was actually pretty helpful. Took about 10 minutes on hold but got a clear breakdown of all the different fee types.

Two people have mentioned this now so I'm definitely going to check it out. Anything that reduces our monthly search costs is worth trying.

The interface is pretty straightforward - just drag and drop your PDF files and it runs the comparison checks. Found issues in about 15% of the files we tested it on.