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If it won't close the only other option you have is to break the outer collar and use a chisel to hit on the exposed jaws inside the chuck. I have detailed instructions in the tip section on how to remove a chuck from these drills. Let me know if you need more assistance.
Go to Dewaltservicenet.com and in the middle of the page at the bottom type in the model RTX it will take you to another page and you can either get a parts breakdown or user manual. They also have a locator where to find the parts. Let me know if you need more help
I am going to assume that the bit you are trying to insert is a 1/4 hex drive. If so are you pulling or pushing on the collar of the tool holder to insert or remove a bit. Make sure that the hex on the bit is not twisted also. Let me know and I will go from there.
The black and decker rtx uses the Flip-Lock spindle lock system for attachment changes. At the top of the tool there is a small rubber lever just above the on-off switch. Flip the lever down, and losen the grey collar surrounding the collet. Remove the collar and change the attachment. Then tighten the grey collar, and flip the lever back up. That's all there is to it!
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