Where should the bank have filed the financing statement?
A) The state in which the hang glider is registered.
B) Any state that accepts the UCC.
C) The state in which the branch where Monte took out his loan is located.
D) The state in which the bank is headquartered.
E) The state in which Monte resides.

Question

Quizplus · Accepted Answer

The financing statement should be filed in the state where the debtor resides, as per the Uniform Commercial Code (UCC) guidelines for personal property.

Where Should the Bank Have Filed the Financing Statement