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Yessika Rodriguez
on Nov 28, 2024

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A secured party perfects a claim by filing a financing statement with the debtor.

Perfects

The process of securing a legal interest or claim in collateral or property, often used in finance and legal contexts to ensure rights are enforceable.

Financing Statement

A document filed by a creditor to indicate a security interest in the debtor’s assets, used to perfect a lien.

Secured Party

An individual or organization that holds interest in a secured transaction as a creditor, protected by collateral.

  • Understand the essentiality of filing financing statements and the ramifications of inaccurate filing.
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Michael. MagliozziDec 03, 2024
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