UCC Document Community

Just to close the loop on this - I ended up filing with a straightforward equipment description and kept all the covenant language in the security agreement. No issues with the filing and everything was accepted. Thanks for the help everyone. The key insight was realizing that UCC covenant definition isn't something that belongs in the filing itself - covenants are contractual terms that stay in your loan documents.

For anyone else reading this thread later - the main takeaway is that covenant language belongs in your security agreement, not your UCC filing. The UCC-1 should have a clear collateral description that identifies what's secured, but it doesn't need to include the contractual restrictions (covenants) that apply to that collateral. Keep it simple and keep it focused on perfecting your security interest.

Just went through this exact scenario with Alabama UCC forms two weeks ago. Used the Certana document checker someone mentioned and it immediately flagged that my debtor name had an extra comma that wasn't in the Articles of Incorporation. Would have definitely been rejected without catching that. Simple upload process and instant feedback on document consistency.

Update us on how your Alabama UCC forms filing goes! Always interested to hear about real experiences with name matching issues since every state seems to handle it differently.

Update us on how this turns out! I'm curious whether BECU actually filed any UCC statements for your secured card or if it's just account-level security.

One more thing - make sure your UCC-1 continuation gets filed on time regardless of this BECU issue. You don't want to let that lapse while sorting out the secured card question.

Hope this all works out for you! Multi-state filings stressed me out too when I first started doing them. Once you get the jurisdiction rules down, it becomes much more routine.

Update: Got the UCC-1 filed successfully with the Delaware Division of Corporations. The debtor name verification was key - made sure it matched their certificate of incorporation exactly. Thanks everyone for the advice!

One more tip for the original poster - keep a copy of exactly what you file. If you ever need to do an amendment or continuation, you'll want to reference the exact language from your original UCC-1.

To wrap this up - your collateral description should be clear, accurate, and sufficient to give notice. Don't overthink the 'contract definition' aspect. You're describing collateral, not drafting the contract itself. For construction equipment, use language that reasonably identifies the equipment without being overly broad or unnecessarily specific.