Rolling Funds perfects a security interest in Steel Mill Inc.'s equipment by filing. When Steel Mill finally pays the debt, the debtor is entitled to the filing of

Question

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When a debtor pays off the debt secured by a security interest, the secured party is generally required to file a termination statement to indicate that the security interest is no longer effective. This helps clear the public record of the lien against the debtor's property.

Rolling Funds Perfects a Security Interest in Steel Mill Inc