---
title: "Draft the security package: financing statements, mortgages and pledges"
url: "https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-T1-R2-US"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Draft the security package: financing statements, mortgages and pledges

> Build a collateral table from the term sheet and the searches the lawyer supplies, and list which filing office each item points to. Do not complete a financing statement.

Canonical page: https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Build a collateral table from the term sheet and the searches the lawyer supplies, and list which filing office each item points to. Do not complete a financing statement. |
| What the lawyer must review | Personal-property security is UCC Article 9 as enacted in the state, not the Australian PPSA. A financing statement is sufficient only if it names the debtor, names the secured party or a representative, and indicates the collateral (U.C.C. § 9-502(a)). Fixture, timber and as-extracted filings need the extra real-property details in § 9-502(b). The debtor’s name follows § 9-503, and states choose between the official alternatives for an individual’s name, including whether the unexpired driver’s licence controls. Real-property mortgages are state law. Read both enactments before the package is signed. |
| Written for | United States |
| Applies to | [Draft the security package: general security, mortgages and share pledges](https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges.md) |

## Checking plan

- What the AI does: Build a collateral table from the term sheet and the searches the lawyer supplies, and list which filing office each item points to. Do not complete a financing statement.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- A wrong debtor name can make the filing ineffective. Do not guess which § 9-503 alternative the state enacted.
- Do not put the security documents into a public generative tool.

## Sources

- [U.C.C. § 9-502, Contents of financing statement](https://www.law.cornell.edu/ucc/9/9-502) (checked 2026-10-22)
- [U.C.C. § 9-503, Name of debtor and secured party](https://www.law.cornell.edu/ucc/9/9-503) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-10-22)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [UCC Article 9 attachment and perfection checklist](https://ailawframework.com/precedents/banking-and-finance/us-ucc-perfection-checklist.md) | Checklist | Yellow | Checklist of attachment and filing questions drawn from the uniform text of UCC §§ 9-203 and 9-310. It does not complete a financing statement. |

Signed-in accounts can read the full text of each one.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*