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A security interest cannot become perfected without the filing of a security agreement.
Perfection
In legal and financial contexts, refinement is the process of securing an interest in collateral against third parties, often through public registration.
Security Agreement
A legal document that provides a lender a security interest in specified assets of the borrower as collateral for a loan.
Filing
The process of submitting documents to a specified authority or organization for official review or record-keeping.
- Understand the methodology and value of attachment and perfection within secured dealings.
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Learning Objectives
- Understand the methodology and value of attachment and perfection within secured dealings.
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