A ________ is a document filed by a secured creditor with the appropriate government office that constructively notifies the world of his or her security interest in personal property.
A) security disclosure
B) financing statement
C) possession statement
D) custodial statement

Question

Quizplus · Accepted Answer

A financing statement is a document filed by a secured creditor with the appropriate government office, commonly known as a UCC-1 filing. This filing serves as constructive notice to the public that the creditor has a security interest in the personal property listed on the filing, and is a key step in perfecting a security interest.

A ________ Is a Document Filed by a Secured Creditor