State-Specific Secured Promissory Note and Security Agreement Requirements

Use this chart with the Harner Legal Forms Secured Promissory Note and Security Agreement when a loan is secured by personal property.

Last reviewed: September 28, 2026

Important: This page provides general state-law information, not legal advice. It addresses an ordinary transaction or revocation using the Harner Legal Forms document. Laws, agency forms, local procedures, mandatory notices, consumer rules, and institutional practices can change. State and federal law control if they differ from this summary or the form instructions.

Recommended steps

  1. The Borrower must sign the Note and authenticate the Security Agreement; identify the Lender, debt, payment terms, and collateral precisely.
  2. Confirm the Borrower owns or has rights in the collateral and that the collateral description is sufficient under Article 9.
  3. Determine the correct perfection method—filing, possession, control, or notation on a certificate of title—and the correct filing office.
  4. Check state usury, late-fee, consumer-credit, licensing, notice, repossession, and special-collateral rules before funding.

Scope of this chart

Article 9 generally requires value, Debtor rights in the collateral, and an authenticated security agreement with a sufficient collateral description. Filing a UCC-1 is usually a perfection step, not a substitute for the Security Agreement. See ULC Article 9 materials and UCC §9-203.

State Note execution and loan terms Security and perfection Governing law
No matching state found.