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3 Cards in this Set

  • Front
  • Back

What is the importance of filing a UCC financing statement?

is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor ( a person who owes a debt to the creditor as typically specified in the agreement creating the debt).



lender files with the state to secure their interest in collateral from a borrower

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