To perfect a security interest in a negotiable instrument,Second State Savings and Loan should:

Name: To perfect a security interest in a negotiable instrument,Second State Savings and Loan should:
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To perfect a security interest in a negotiable instrument, the creditor must take possession of the instrument. Filing a financing statement is not sufficient for perfection in this case. Perfection is not automatic and a court order is not necessary unless the borrower defaults on the loan.

To Perfect a Security Interest in a Negotiable Instrument,Second State