Most security interests are perfected when filed for public inspection with the secretary of state, county clerk, or similar official.

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This statement is true. Perfecting a security interest involves taking steps to establish the creditor's priority in the collateral. One common method of perfection is filing a financing statement with the appropriate governmental entity, such as the secretary of state or county clerk. This filing provides notice to the public that the creditor has an interest in the collateral and establishes priority over other creditors who have not perfected their security interests.

Most Security Interests Are Perfected When Filed for Public Inspection