Which of the following is an amendment to a financing statement that states that the debtor has no obligation to the secured party?
A) An ending statement.
B) A termination statement.
C) A bind-up statement.
D) A release statement.
E) A reversion statement.

Question

Quizplus · Accepted Answer

A termination statement is an amendment to a financing statement that indicates the debtor has been released from the obligation, effectively ending the secured party's interest in the collateral.

Which of the Following Is an Amendment to a Financing