Metro Motors files a financing statement giving notice to the public that it has a secured interest in collateral belonging to Nate's Limousine Service, which is the debtor named in the statement. A uniform financing statement used in all states is

Question

Metro Motors files a financing statement giving notice to the public that it has a secured interest in collateral belonging to Nate's Limousine Service, which is the debtor named in the statement. A uniform financing statement used in all states is​

Quizplus · Accepted Answer

The UCC Financing Statement is a uniform form used in all states to provide public notice of a creditor's security interest in collateral owned by a debtor. It is the standard form for filing a financing statement under Article 9 of the Uniform Commercial Code (UCC). The other choices, UCC Collateral Form and Form UCC-2, do not exist as standardized forms.

Metro Motors Files a Financing Statement Giving Notice to the Public