UCC Filing Help - What is security agreement ree680109-sa and how does it connect to my UCC-1?

Thanks! So I should prioritize the debtor name as it appears in security agreement ree680109-sa over the charter formatting? That makes sense for consistency.

Exactly. The security agreement is your governing document for the UCC-1. Whatever debtor name format is used there should carry through to your filing.

Filing in Colorado. Good catch on the 'sa' meaning - that makes perfect sense now looking at the document structure.

Colorado's pretty straightforward. Just stick with whatever debtor name format appears on that ree680109-sa document and you should be fine.

Colorado SOS system is actually pretty forgiving but I'd still double-check the exact name formatting before submitting.

That sounds really helpful! Did it handle the cross-checking between multiple document types well?

Yes, it's designed specifically for this kind of Charter→UCC-1 workflow. Just upload your PDFs and it automatically verifies everything aligns properly. Much faster than manually comparing documents line by line.

Interesting tool mention. I've been doing manual document comparison and it's definitely time-consuming and error-prone.

I understand the confusion, but the UCC follows the security agreement since that's the document being perfected. If there's a clear error in the security agreement, that needs to be corrected first before filing the UCC-1.

Ok that makes more sense when you put it that way. So fix any obvious errors in the security agreement first, then match the UCC-1 to that corrected version.

Exactly right. The security agreement is your source document for UCC purposes, but it should still reflect the correct legal entity name.

The internal tracking codes are mainly for the lender's file organization. As long as your UCC-1 properly identifies the debtor and collateral, you're fine. Don't overthink the document numbering.

ok good to know, I was worried about getting some obscure detail wrong and having problems down the line

I know it's frustrating, but the precision is actually protective. Imagine trying to search UCC records if names were inconsistent - you'd never find what you're looking for.

I guess that makes sense from a search perspective. Still annoying when you're trying to get everything filed correctly!

The good news is once you get the hang of it, the name matching becomes second nature. First few filings are always the trickiest.

Good point! The security agreement does have a detailed equipment list. Should I copy that language exactly into the UCC-1 collateral description?

You can use the same language or a reasonable summary, but make sure it's clear what's being secured. 'All equipment described in Security Agreement dated [date]' is also acceptable if the list is very long.

That's reassuring to hear from someone with your experience! I'll definitely take extra time to verify the name formatting.

Smart approach. One rejected filing teaches you to be careful forever!

So true. I learned this lesson the hard way on my first commercial filing.

Just the Inc vs Incorporated difference as far as I can tell. The rest of the business name looks identical between documents.

That should be straightforward then. Go with whatever format is in security agreement ree680109-sa and you'll be consistent.

It is pretty inconsistent across lenders. Some use dates, some use sequential numbers, some use random codes. As long as the actual document content is correct, the numbering is just their internal housekeeping.

True, I just wish there was more standardization in the industry. Makes everything feel more complicated than it needs to be.

Two people have mentioned Certana now - sounds like it might be worth checking out before I submit the filing.

Yeah, especially for your first time with a security agreement like ree680109-sa where you're unsure about the name formatting. Better safe than sorry with that size loan.

Will do! Planning to file early next week once I get everything double-checked.

Looking forward to hearing how it goes. Sounds like you've got a good plan in place.