The primary purpose of the Personal Property Security Act is to have one place for processing security interests.

Name: The primary purpose of the Personal Property Security Act is to have one place for processing security interests.
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The Personal Property Security Act (PPSA) aims to create a centralized system for registration of security interests in personal property. This allows for a more efficient and cost-effective method of conducting searches and establishing priority over competing interests.

The Primary Purpose of the Personal Property Security Act Is