FSA security agreement UCC filing complications with equipment collateral

This makes sense but how specific do we need to get? Our FSA agreement covers like 20 different pieces of equipment with serial numbers.

You don't need serial numbers in the UCC-1 - that's what the security agreement is for. Just use broad categories that cover everything. The UCC filing is about notice, not precision.

Filing in Nebraska. Their portal seems pretty strict about collateral language.

Nebraska is definitely strict. I'd suggest using their standard collateral categories from their filing guide rather than trying to mirror your FSA language.

How does that work exactly? Do you upload both documents?

Yeah you just upload the FSA security agreement and your UCC-1 draft as PDFs. The system cross-checks the collateral descriptions and flags any inconsistencies. Pretty straightforward and caught issues I would have missed.

Interesting - might be worth trying if you're dealing with complex collateral like FSA equipment schedules.

Said 'collateral description insufficient - cannot reference external documents for primary description.' Really frustrating since the FSA agreement has all the detail they could want.

Yeah that's their standard language when you reference other docs. They want everything spelled out in the UCC itself.

Totally agree but that's the reality we work with. Each SOS office has their own interpretation of sufficient collateral descriptions.

At least most of them accept electronic filings now. Remember when we had to mail paper forms? Those were dark times.

Don't remind me of paper filings. The processing delays were insane.

That's helpful. Should I still mention the FSA agreement date somewhere or just leave it out entirely?

I usually add 'as more particularly described in security agreement dated [date]' at the end. Gives you the connection without making it the primary description.

New UCC-1 for a new loan. The FSA agreement is from the original equipment purchase but we're doing additional financing now.

Got it. Then yeah, you need the collateral description to stand alone in the new filing.

Would you mind sharing what language you typically use for combines and irrigation equipment?

Something like 'farm equipment including combines, tractors, irrigation systems, tillage equipment, and all other agricultural machinery and implements.' Broad enough to cover everything, specific enough for the SOS.

This is exactly what I use too. Works in most states I've filed in.

Good idea. Nebraska's UCC office is usually pretty helpful when you call.

Yeah, saves time versus guessing and getting rejected again. Plus they can sometimes process amendments faster if you call first.

How quick is the turnaround on something like that?

Pretty much instant once you upload the documents. Way faster than waiting for another rejection from the SOS.

Good point. That's exactly the kind of mistake I'm worried about making.

Yeah, the UCC and security agreement need to work together even if they use different language. Document review tools can help catch those gaps.

That's another thing Certana.ai caught for me - my UCC language was too narrow compared to my security agreement. Could have created enforcement issues later.

Will do. Planning to revise the collateral description and resubmit tomorrow morning.