UCC Document Community

I'm dealing with almost the exact same situation right now! Equipment loan, broad UCC-1 description, detailed security agreement. Reading through this thread is making me feel a lot better about our filing. Thanks for asking the question I was afraid to ask.

This thread has been incredibly helpful! I'm new to UCC filings and was getting stressed about making sure everything was perfect. It's reassuring to know that having different levels of detail between the UCC-1 and security agreement is not only normal but actually the right approach. The explanation about the UCC-1 serving as public notice while the security agreement handles the private contractual details really clarifies things. Thanks everyone for sharing your experiences - it's exactly the kind of practical insight you can't get from just reading the regulations.

Update us when you get it filed! Always helpful to know what actually worked for future reference.

I've dealt with this exact confusion before! The "addendum form" terminology is misleading - there's typically no separate form. What worked for me was using the standard UCC-3 amendment form, checking the box for "add collateral" in section 5, and then attaching continuation sheets labeled "Addendum A" or "Exhibit A" with the detailed equipment descriptions. Most states accept this format without issue. Just make sure to reference your original UCC-1 filing number on every page and keep your equipment descriptions specific enough to be enforceable but broad enough to cover variations in model numbers or replacements. Given your tight timeline, I'd recommend preparing the filing this way and submitting it rather than continuing to chase down a form that likely doesn't exist.

I'm new to UCC filings but this thread has been incredibly educational! Reading through everyone's experiences, I'm realizing that the UCC-3 definition confusion is pretty universal - it seems like almost everyone initially thinks it's one specific type of filing when it's actually the form for multiple different actions. @CosmicCaptain your original question really resonated with me because I'm in a similar boat with equipment financing. The way everyone broke down that UCC-3 is essentially the "modification form" for any changes to your original UCC-1 makes so much sense. For anyone else reading this who might be confused like I was, the key takeaways seem to be: 1) UCC-3 handles continuations, amendments, assignments, terminations, and information statements, 2) if your UCC-1 is approaching its 5-year mark, you probably need a continuation, 3) exact name matching and filing numbers are critical, and 4) verify everything yourself rather than just trusting what your lender tells you. Thanks to everyone who shared their experiences - this saved me from making the same mistakes!

This has been such an enlightening thread! As someone completely new to UCC filings, I was initially overwhelmed by all the terminology, but everyone's explanations have made the UCC-3 definition so much clearer. What really helped me understand is thinking of UCC-1 as the "create" form and UCC-3 as the "modify" form. @CosmicCaptain your situation with the 2020 filing definitely sounds like a continuation case - you're right at that 5-year mark where the security interest would lapse without action. I'm bookmarking this thread because the practical advice here is gold: verify your own lapse dates, screenshot the original filing details for exact matching, and don't hesitate to call the state UCC office directly. The recommendation about document verification tools like Certana.ai also seems really valuable for catching those small but critical errors that could invalidate the whole filing. Thanks to everyone who shared their experiences - this kind of real-world guidance is exactly what newcomers like me need to navigate these processes confidently!

One more consideration - if you're adding significant new collateral, make sure your insurance coverage is updated accordingly. The UCC filing protects your lien, but insurance protects the actual collateral value.

Great discussion here! Just to add another practical tip - when you're filing the UCC-3 amendment for both the name correction and new collateral, consider doing it in two separate amendments if your state allows it. I've seen situations where one issue (like an incorrect debtor name) causes rejection of the entire amendment, including the collateral addition that was perfectly fine. Filing them separately gives you more control over the process and reduces the risk of delays. Also, make sure you have written authorization from the debtor for both changes before filing - some states are getting stricter about unauthorized amendments.

UPDATE: Ran UCC searches on both names. Only the original "Industrial Steel Processing Corp" filing shows up, no amendments. Going to file the UCC-3 termination using the exact original debtor name and filing number. Thanks for the guidance everyone - this could have been a costly mistake if I'd tried to use the current LLC name.

Great to see this resolved! For future ISPC deals or similar entity name change situations, I'd recommend documenting the UCC search results in your file. Shows due diligence was done and protects against any questions later. With $2.8M equipment deals, that paper trail is worth its weight in gold if title issues ever come up down the road.