Insight Report: Purchase-Money Security Interest (PMSI)

Generally, compliance with PMSI perfection requirements simply requires the secured party to file a financing statement before the statutory deadline. However, some types of transactions require extra steps and added complexity that can create traps for the unwary lender.

When are PMSI notices required, who has to receive them, and what are some best practices when sending them?

In this insight report, by CSC Associate General Counsel Paul Hodnefield, you’ll get four steps to follow when sending PMSI notices, helping you better understand the PMSI notice requirements with respect to inventory collateral.