When a consumer debtor completely fulfills all debts and obligations secured by a financing statement, she is entitled to a termination statement signed by the secured party or an assignee of record.

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This is true as per the rules of the Uniform Commercial Code (UCC) which governs secured transactions in the United States. The termination statement is required to confirm that the financing statement has been released and the debtor no longer has any obligations or liabilities towards the secured party.

When a Consumer Debtor Completely Fulfills All Debts and Obligations