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From course:

Secured Transactions

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Question:

Crucial parts to filing financing statement that must be showed to accept

Author: Parker Kirkpatrick



Answer:

1) name of debtor - if individual then unexpired DL if expired then name (not defined) - don't need name on birth certificate - if registered org then name of most recent public organic record - if debtor has no name then provide names of partners, officers, associates, members, and others comprising the debtor 2) name of creditor 3) indicate collateral - if doesn't show up with regular search logics then it does not indicate - Minor errors are probably okay unless they make the financing statement seriously misleading – wrong dates, wrong names, unable to find names in record, etc. - Allows a narrower description than attachment so all personal property of debtor is probably ok


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