Tennessee Code Annotated

Tenn. Code Ann. § 47-9-502 (2026)

Contents of financing statement - Record of mortgage as financing statement - Time of filing financing statement

✓ current as of May 2026

Find cases: SyfertCases citing this section JustiaTenn. Code CornellLII Search CasesGoogle Scholar

(a)Sufficiency of financing statement. Subject to subsection (b) a financing statement is sufficient only if it:
- (1) Provides the name of the debtor;
- (2) Provides the name of the secured party or a representative of the secured party; and
- (3) Indicates the collateral covered by the financing statement.

(b)Real-property-related financing statements. Except as otherwise provided in § 47-9-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also:
- (1) Indicate that it covers this type of collateral;
- (2) Indicate that it is to be filed in the real property records;
- (3) Provide a description of the real property to which the collateral is related; and
- (4) If the debtor does not have an interest of record in the real property, provide the name of a record owner.

(c)Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:
- (1) The record indicates the goods or accounts that it covers;
- (2) The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;
- (3) The record satisfies the requirements for a financing statement in this section, but:
  - (A) The record need not indicate that it is to be filed in the real property records; and
  - (B) The record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom § 47-9-503(a)(4) applies; and
- (4) The record is duly recorded.

(d)Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.

Acts 2000, ch. 846, § 1; 2012, ch. 708, § 12.

Notes of Decisions

Cited in 8 cases, 1979–2012 · leading case: Regions Bank v. Bric Constructors, LLC, f/k/a Bric Contractors, LLC, & Patricia McIntosh, 380 S.W.3d 740 (Tenn. Ct. App. 2011).

Sort: Relevance Newest Treatment

Regions Bank v. Bric Constructors, LLC, f/k/a Bric Contractors, LLC, & Patricia McIntosh, 380 S.W.3d 740 (Tenn. Ct. App. 2011). · cites it 5× “32 Tenn.Code Ann. § 47-9-502(a). The question of whether the financing statement “sufficiently indicates the collateral that it covers” is determined by reference to the same guidelines in Section 47-9-108 quoted above; in other words, it must “reasonably identify what is…”

Jahn v. Cohutta Banking Co. (In Re U.S. Ins. Grp., LLC), 429 B.R. 903 (E.D. Tenn. 2010). · cites it 6× “” Tenn.Code Ann. § 47-9-502, Comment 2. *912 Further, “[a] financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to § 47-9-108 .”

Ottenheimer Publishers, Inc. v. Regal Publishers, Inc., 626 S.W.2d 276 (Tenn. Ct. App. 1981). · cites it 2× “The disposition of collateral by the secured party is governed by the provisions of T.C.A. § 47-9-502 et seq. The secured party is allowed to sell, lease, or otherwise dispose of any or all of the collateral and the disposition “shall” be applied to (1) reasonable expenses…”

Trimble v. Sonitrol of Memphis, Inc., 723 S.W.2d 633 (Tenn. Ct. App. 1986). “e waived or varied except as provided with respect to compulsory disposition of collateral (subsection (1) of § 47-9-505) and with respect to redemption of collateral (§ 47-9-506) but the parties may by agreement determine the standards by which the fulfillment of these rights…”

First Cmty. Bank v. Jones (In Re Silver Dollar, LLC), 388 B.R. 317 (Bankr. E.D. Tenn. 2008). · cites it 2× “Tenn. Code Ann. § 47-9-502 (a). In the case of a registered organization, a financing statement sufficiently provides the name of the debtor “only if the financing statement provides the name of the debtor indicated on the public record of the debtor’s jurisdiction of…”

In re Frost, 1 B.R. 313 (Bankr. M.D. Tenn. 1979). “The court notes, however, that § 47-9-502(1) of the Tennessee Code provides that upon default it is the pledgee who has the right to collect whether or not the pledgor had previously been making collections on the instrument.”

Metro Constr. Co., LLC. v. Sim Attractions, LLC. (Tenn. Ct. App. 2009). · cites it 3× “” Tenn. Code Ann. § 47-9-502 official comment 2.”

BancorpSouth Bank v. 51 Concrete, LLC & Thompson Mach. Com. Corp. (Tenn. Ct. App. 2012). · cites it 2× “See Tenn. Code Ann. § 47-9-502 (a). -9- C ONCLUSION We reverse the trial court’s holding that it did not have subject matter jurisdiction over this matter.”

— Tenn. Code Ann. § 47-9-502(1) — 1 case

— Tenn. Code Ann. § 47-9-502(a) — 2 cases

Regions Bank v. Bric Constructors, LLC, f/k/a Bric Contractors, LLC, & Patricia McIntosh, 380 S.W.3d 740 (Tenn. Ct. App. 2011). “32 Tenn.Code Ann. § 47-9-502(a). The question of whether the financing statement “sufficiently indicates the collateral that it covers” is determined by reference to the same guidelines in Section 47-9-108 quoted above; in other words, it must “reasonably identify what is…”

Jahn v. Cohutta Banking Co. (In Re U.S. Ins. Grp., LLC), 429 B.R. 903 (E.D. Tenn. 2010). “” Tenn.Code Ann. § 47-9-502, Comment 2. *912 Further, “[a] financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to § 47-9-108 .”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.