A secured party can release the col?lateral described in a filed fi?nancing statement only if the debtor has paid the debt.

Question

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A secured party can release the collateral described in a filed financing statement if the debtor has satisfied the obligation or if the secured party agrees to release the collateral. The debtor does not necessarily have to pay off the debt in full to have the collateral released.

A Secured Party Can Release the Col?lateral Described in a Filed