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The text discusses the UCC (Uniform Commercial Code) and specifically mentions the collateral box on a form where a security agreement number is recorded. It notes that some individuals include additional items, such as common law copyright references, although it's not mandatory since it's a public record. The speaker highlights that each document can have a unique reference number and provides a security agreement template with instructions. The template allows users to modify the debtor and creditor names, presenting a straightforward approach to creating a security agreement.