A creditor must register the interest in the PPSR in order to perfect their security.

Name: A creditor must register the interest in the PPSR in order to perfect their security.
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Question

Quizplus · Accepted Answer

This is because registration on the Personal Property Securities Register (PPSR) is essential for perfection of security interest. Without registration, the security interest may be unenforceable against third parties or may lose priority to other registered security interests.

A Creditor Must Register the Interest in the PPSR in Order