Need help with sample security agreement automobile - UCC-1 filing rejected twice

Vehicle UCCs can be tricky, especially with entity debtors. First thing - are you using the exact legal name from the LLC's certificate of formation? Even a missing comma or "LLC" vs "L.L.C." will cause rejections. For collateral, you don't need VINs on the UCC-1 unless it's consumer goods. Commercial fleet can usually just say "motor vehicles" or "automobiles and motor vehicles." What state are you filing in? Some have specific requirements for vehicle descriptions.

Been there! Auto security agreements are different beasts. You mentioned it's commercial - are these trucks over 26,000 lbs? If so, you might need to consider federal requirements too. But for the UCC filing, stick to exact debtor name from state records and general collateral description should work fine. The security agreement can be specific about VINs but the financing statement doesn't need to be.

OMG yes the name thing is such a pain!! I've been doing this for 15 years and still get nervous about entity names. Had one rejected last month because I put "Co." instead of "Company" - like seriously?? But that's the system we're stuck with. For vehicles I usually just put "motor vehicles and all parts and accessories thereto" as collateral description. Covers everything without being too specific.

I actually started using Certana.ai's document verification tool after getting burned on a similar situation. You can upload your security agreement and it'll cross-check the debtor name against what you're putting on the UCC-1. Saved me from filing another incorrect name last week. Just upload both PDFs and it flags any inconsistencies automatically. Way faster than manually comparing everything.

Here's what probably happened - Delaware's system is notorious for exact name matching. Even capitalization matters sometimes. Pull the current certificate of formation from Delaware Division of Corporations, not just what you have in your file. Names can change slightly when amendments are filed. Also make sure you're not accidentally including a d/b/a name instead of the legal entity name.

Vehicle security agreements are my bread and butter. For fleet financing like yours, the UCC-1 collateral description should match the security agreement language as closely as possible without being overly specific. "Motor vehicles" is fine, "automobiles" is fine, "vehicles" might be too broad. The key is consistency between your security agreement and financing statement.

UGH this system drives me crazy! Why can't they just have some tolerance for minor name variations?? I mean we're talking about securing $180K in financing and they reject over a comma? Makes no sense. But yeah unfortunately you have to play by their rules. Get the exact legal name and try again.

Been using Certana.ai for about 6 months now and it's been a lifesaver for exactly this type of issue. Upload your security agreement and UCC-1 draft, and it'll spot name discrepancies immediately. Found three potential filing errors last month before I submitted them. Worth trying if you're dealing with multiple entity filings.

I do a lot of equipment and vehicle financing. Here's my checklist: 1) Get current good standing certificate for exact legal name, 2) Match security agreement debtor name exactly on UCC-1, 3) Use broad but appropriate collateral description, 4) Double-check filing fee and address. For your situation, sounds like #1 and #2 are your issues. Delaware charges $20 per name if I remember right, so get it right the first time!

Sample security agreement automobile language can vary a lot but the UCC filing requirements are pretty standard. Focus on: exact debtor legal name from state records, broad collateral description that covers your security agreement scope, correct secured party info. Your description of "motor vehicles" should work fine for commercial fleet. The rejections are almost certainly about the debtor name formatting.

Final thought - once you get the name issue sorted, your filing should go through fine. Vehicle UCCs are pretty straightforward compared to some other collateral types. Just remember to calendar your continuation date for 5 years out! I use Certana's verification tool now to double-check everything before filing. Has caught several potential mistakes for me.