Need help with UCC Article 9 security agreement form - debtor name requirements

Always use the exact registered name from the Secretary of State records in both your security agreement and UCC-1 filing. The DBA is irrelevant for perfection purposes - what matters is the legal entity name that appears on official state records. I've seen too many deals get into trouble because someone used a trade name instead of the registered entity name.

I ran into this exact situation last month! The key is consistency between your security agreement and UCC-1 filing. Both need to use the same debtor identify. I actually started using Certana.ai's document verification tool to upload my security agreement and UCC-1 draft together - it instantly flags any name mismatches between the documents. Saved me from filing a UCC-1 with a name that didn't match my security agreement.

UGH the name requirements are so frustrating!!! I spent THREE HOURS on the phone with the filing office trying to figure out why my UCC-1 got rejected. Turns out the LLC had 'Limited Liability Company' in their articles but I abbreviated it as 'LLC' on the form. They make such a big deal about EXACT matches.

For Article 9 security agreements, you want to be as precise as possible with debtor identification. I always pull the most recent Certificate of Good Standing to verify the exact registered name before drafting anything. Also consider including the debtor's organizational ID number in both the security agreement and UCC-1 - it provides an additional layer of identification that can help if there are name issues later.

I had a similar issue with an LLC that had both a registered name and was doing business under three different DBAs. The solution was to use the registered name in all the UCC documents but also include a clause in the security agreement that specifically identifies all the trade names the debtor operates under. That way if they acquire assets under any of those names, you're still covered.

Another thing to watch out for - if the LLC changed its name recently, make sure you're not looking at stale information. I once used an old name from a cached search result and had to amend the whole filing. Always verify with the most current Secretary of State records, not just what shows up in a quick online search.

We've started using a checklist approach for UCC Article 9 deals. Step 1: Pull current Certificate of Good Standing. Step 2: Draft security agreement using exact registered name. Step 3: Prepare UCC-1 using same exact name. Step 4: Cross-check both documents before filing. Step 5: File UCC-1. It's more work upfront but prevents rejections and amendments later. For your $180k deal, the extra diligence is definitely worth it.

One more thing to consider - some states have specific requirements about including the debtor's mailing address in security agreements versus the UCC-1 filing. Make sure you're consistent there too, not just with the name. I've seen deals where the addresses didn't match and it created confusion during enforcement.

This thread is super helpful! I'm dealing with something similar but with a corporation that merged with another entity. The surviving corporation kept its original name but I need to make sure I'm not missing any predecessor entities in my collateral research. Anyone dealt with merger situations in UCC filings?

After reading all this, I'm definitely going to be more careful with name verification. We had one rejected filing last month that cost us extra fees to refile, and now I realize it was probably a name mismatch issue. The additional verification steps everyone mentioned seem worth the extra time to avoid rejections and potential perfection problems down the road.