The automatic perfection rule applies to a purchase money security interest in consumer goods.

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The automatic perfection rule applies to a purchase money security interest in consumer goods, which means that the security interest is automatically perfected at the time of attachment without the need for further action or filing. This rule provides additional protection to the creditor in case of default or bankruptcy by the debtor. However, this rule does not apply to non-consumer goods or non-purchase money security interests, which require separate filings and requirements for perfection.

The Automatic Perfection Rule Applies to a Purchase Money Security