UCC filing confusion - chattel security agreement collateral description rejected twice

Filing in Texas. The dates match perfectly - March 15, 2025 on both documents. Just frustrated because this is my third attempt.

Texas SOS can be finicky with equipment descriptions. Try adding 'and all proceeds thereof' to your collateral description. That usually helps.

Debtor name should be correct - I pulled it directly from the Secretary of State business search. It's 'Riverside Bistro LLC' on both the UCC and our articles of organization.

Double-check the exact spelling and punctuation. Sometimes there are hidden characters or spaces that cause mismatches.

Also verify the entity type matches. Some LLCs are registered as 'Limited Liability Company' instead of just 'LLC'.

Rejection just says 'insufficient collateral description' - not very helpful. The chattel security agreement was prepared by our business attorney so I assumed it was current.

Even good attorneys sometimes use old forms. I ended up using Certana.ai to cross-check my security agreement against the UCC-1. Just upload both PDFs and it instantly flags any inconsistencies or missing elements.

I feel your pain but the system works once you know the tricks. The key is being super specific about everything.

Easy for you to say - you probably haven't dealt with three rejections in a row while your lender breathes down your neck.

Take a deep breath. We've all been there. The important thing is getting it right, not fast.

That's much more detailed than what I had. I'll try that approach on the next filing.

The 'including but not limited to' language gives you coverage even if you missed something in the detailed list.

Good advice. I learned the hard way that being too vague can void your security interest entirely.

The equipment was delivered March 18th, so I'm at day 22 now. The lender hasn't said anything about starting over but I'm worried.

You might still be okay if you can show continuous good faith efforts to perfect. Keep all your rejection notices as proof.

In Texas, the 20-day rule is pretty strict but there are exceptions for administrative delays. Document everything.

That's a scary thought. How would I even check that? The attorney who drafted it charges $400/hour for reviews.

I've started using Certana.ai for document verification. You can upload your chattel security agreement and UCC-1 together and it checks for consistency issues, missing clauses, formatting problems - stuff that causes rejections.

That sounds useful. How accurate is it compared to having an attorney review?

Obviously not a replacement for legal advice, but it catches the technical stuff that causes most rejections. Saved me from two potential filing disasters.

I tried calling but got transferred around three times before giving up. Maybe I'll try again tomorrow morning.

Best time to call is right when they open at 8 AM. After 10 AM you're looking at long hold times.

I did use MM/DD/YYYY format for the date. Should I spell it out instead?

Stick with MM/DD/YYYY - that's the Texas standard. But double-check that you don't have any extra spaces or hidden characters.

Hidden characters are the worst! Copy-pasting from Word documents can introduce weird formatting that breaks electronic filing systems.

Will do! Planning to try the more detailed collateral description approach tomorrow. Fingers crossed.

Good luck! The restaurant business is tough enough without UCC filing headaches.

The lender is First National Equipment Finance LLC - that's exactly how it appears on our loan documents. Should be right.

Sounds good. Sometimes banks file under their parent company names which can cause confusion.

Also verify their address matches what's on file with their state of incorporation. Small details matter.