Reconcile the collateral schedule to the UCC and title searches
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Line up each collateral item, the debtor name on the schedule, the name on the search, and the filing office. Do not complete a financing statement.
- What the lawyer must review
- Personal-property filings follow UCC Article 9 as the state enacted it, not the Australian register. A financing statement is sufficient only if it provides the name of the debtor, provides the name of the secured party or a representative of the secured party, and indicates the collateral covered by the financing statement (U.C.C. § 9-502(a)). Section 9-503(a) states whose name is sufficient, including the name on the public organic record for a registered organisation and, for an individual, the alternative the state enacted. Section 9-503(c) says a financing statement that provides only the debtor’s trade name does not sufficiently provide the name of the debtor. Section 9-503(b) says a financing statement that already provides the subsection (a) name is not rendered ineffective by the absence of a trade name. Real-property title is state law. Read the search certificates against the schedule before you treat a filing as covering an item.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes assembling provisional schedules. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| UCC Article 9 attachment and perfection checklist | Checklist | AI use Yellow | Checklist of attachment and filing questions drawn from the uniform text of UCC §§ 9-203 and 9-310. |
Signed-in accounts can read the full text of each one. All precedents.