Secured Transactions - Oregon Bar 2009

Front 1

Attachment

Back 1

1. Secured party provides value
2. Debtor obtains rights in collateral
3. Either:
- Debtor authenticates a security agreement
- Debtor gives possession of collateral to secured party

Front 2

Security agreement requirements

Back 2

1. Writing
2. Authenticated by debtor
3. Grants a security interest in collateral
4. Identifies the collateral

Front 3

Perfection methods

Back 3

1. File financing statement with Secretary of State
2. Motor Vehicle collateral plus endorse certificate of title in secured party's name
3. PMSI plus attachment
4. Secured party takes possession of collateral

Front 4

Financing statement requirements for perfection by filing

Back 4

1. File with Secretary of State
2. Authenticated by debtor
3. Identify collateral
4. Names and addresses of secured party and debtor

Front 5

PMSI = super priority IF:

Back 5

-Non-inventory collateral:
1. PMSI
2. File financing statement w/n 20 days of the debtor receiving the collateral
-Inventory collateral:
1. PMSI
2. Written notice to other secured parties before debtor receives collateral
3. File financing statement before debtor receives collateral