Hello world! We’re excited that you’ve decided to visit our very first industry blog--a gathering place for thought leaders and others who share our passion for the industry. We hope this blog provides you with a deeper insight into the latest happenings in UCC, lien management and more for lenders, law firms and corporations. We’ll also have guest bloggers on occasion to provide you with additional perspectives and insights, so keep on the lookout. RSS feeds are available for all posts. Choose the "subscribe by email" option to the left to have new posts delivered straight to your email. And as much as CT Lien Solutions is excited to host the blog, remember it’s not our blog--it’s everyone’s! So be sure to add comments often, email us suggestions for content postings and overall help us make this one of the best industry forums around.
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- Gene Lasky, Executive Vice President/General Manager, CT Lien Solutions
This is a great question. According to a recent correspondence, it is our understanding that the Ohio Secretary of State addressed this issue Wednesday afternoon in response to similar discussions with other filers. Ohio's new procedure for paper filings is to file first continuations against a UCC1 as a continuation and all subsequent continuations as amendments. Only the first continuation will reset the lapse date. The Secretary of State is currently making programming changes to its online system to implement a like procedure for electronic filings. Of course, for more information, you may want to contact the Ohio Secretary of State directly.
Posted by: CT Lien Solutions | July 2, 2010 at 06:16 AM
I'm wondering if anyone has had experience in OH with trying to file more than one continuation per 5 year period per filing. Say a continuation were filed but there was a fatal flaw in it. Ordinarily, we would simply file another, corrected continuation. However, when we tried to do this in OH, it was rejected because another continuation had already been filed.
Posted by: Mary Swanger | June 29, 2010 at 10:30 AM