Where and how to perfect a security interest sometimes depends on the classification of the collateral.

Question

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The perfecting of a security interest is often determined by the classification of the collateral, such as whether it is personal property, real property, or a financial asset. Different types of collateral may require different methods of perfecting, such as filing a financing statement, recording a mortgage or deed of trust, or taking physical possession of the collateral.

Where and How to Perfect a Security Interest Sometimes Depends