Essentials of the UCC Purchase Money Security Interest
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The purchase money security interest (PMSI) provides substantial benefits for both lenders and borrowers. However, to obtain PMSI priority, the secured party must strictly comply with the Uniform Commercial Code (UCC) perfection and notice requirements. Even seemingly minor errors can result in the loss of priority.
In this webinar, CSC Associate General Counsel Paul Hodnefield will explain:
The scope of a PMSI
Notice and filing requirements, including deadlines
Potential traps for the unwary secured party