A creditor must file a financing statement for a security interest to attach.

Question

Quizplus · Accepted Answer

A security interest attaches when it becomes enforceable against the debtor with respect to the collateral, which generally requires a value to be given, the debtor to have rights in the collateral, and either the debtor's authentication of a security agreement describing the collateral or the secured party taking possession of the collateral. Filing a financing statement is related to perfection of the security interest, not its attachment.

A Creditor Must File a Financing Statement for a Security