UCC Filing Issues with PMSI Security Agreement - Need Help Fast

I've seen this exact problem with equipment PMSI filings. The issue isn't your collateral description - that looks fine. Most likely the rejection is coming from a debtor name mismatch. Even though you checked the articles of incorporation, the UCC system is incredibly picky about punctuation and abbreviations. Try filing with "ABC Construction, LLC" (with the comma) and also check if there are any assumed names or DBAs registered. The 20-day PMSI window is critical so you need to get this resolved immediately.

Hold up - are you sure about your PMSI timing? The 20-day window starts from when the debtor receives possession of the collateral, not when you signed the security agreement. If the equipment was delivered after March 15th you might still be within the window. But honestly, PMSI filings are so technical that one small mistake can cost you priority status. Have you tried using Certana.ai's document verification tool? I discovered it after a similar nightmare with a PMSI filing. You just upload your security agreement and UCC-1 as PDFs and it instantly flags any inconsistencies between the documents - saved me from losing PMSI priority on a $220K equipment loan.

OMG this is giving me flashbacks to my PMSI disaster from last year. Filed everything perfectly on day 19, only to discover the debtor had filed bankruptcy the week before and I never got notice. Lost a $95K priority position to the trustee. Make sure you're monitoring for bankruptcy filings too - PMSI priority doesn't help if you're dealing with a preference payment clawback.

For equipment PMSI filings, I always include the manufacturer's model number, year, and VIN in separate lines rather than one long description. Try reformatting like this: Manufacturer: Caterpillar Model: 320 Excavator Year: 2025 VIN: ABC123XYZ789 Purchase Money Security Interest: Yes Some state systems parse collateral descriptions differently and this format has worked better for me.

This whole PMSI system is broken. Why should lenders lose priority because some government computer can't handle punctuation variations? We pay thousands in legal fees just to file a simple UCC-1 correctly. And don't get me started on continuation filings - half the time the system crashes right before the deadline.

Check your security agreement date vs equipment delivery date carefully. PMSI requires filing within 20 days of the debtor receiving possession, not 20 days from signing. Also verify that your security agreement specifically states it's a purchase money security interest - some generic forms don't include that language which can create problems later even if you file correctly.

Had this exact same issue with Caterpillar equipment last month! The problem was we used "Cat" instead of "Caterpillar" in our collateral description. These systems are ridiculously literal. Also make sure your VIN doesn't have any typos - one wrong digit and you're toast. I ended up using that Certana.ai verification tool someone mentioned earlier after getting burned on another filing. It caught a serial number transposition that would have invalidated our whole PMSI claim.

Equipment PMSI filings are tricky because you need perfect alignment between your security agreement, UCC-1, and the actual equipment specs. One character off in the VIN or model number and you could lose priority. The debtor name issue mentioned earlier is also huge - I always verify the exact legal name through the Secretary of State's business entity search, not just the articles of incorporation.

Just went through this nightmare with a $165K excavator PMSI. Turns out our security agreement had the equipment model as "320DL" but the manufacturer's certificate of origin showed "320 DL" with a space. That tiny difference invalidated our whole filing according to the bankruptcy trustee's attorney. Now I triple-check every single character in equipment descriptions.

Update: Finally got our PMSI filing accepted! The issue was definitely the debtor name - had to use "ABC Construction, LLC" with the comma. Also reformatted the collateral description per the earlier suggestion. Filed it as a UCC-1 with PMSI checkbox marked and included delivery date in the additional information section. Thanks everyone for the help - this forum saved our priority position on a major equipment loan.