The debtor in a secured transaction is in most cases the owner of the collateral.

Question

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In a secured transaction, the debtor typically provides collateral to secure the debt. The collateral serves as the source of repayment for the debt in case the debtor defaults. Therefore, the debtor is usually the owner of the collateral, but there are situations where the owner of the collateral is different from the debtor (e.g., when the collateral is leased, rented, or borrowed).

The Debtor in a Secured Transaction Is in Most Cases