Advances against lines of credit can be subject to a perfected security interest in identified collateral.

Name: Advances against lines of credit can be subject to a perfected security interest in identified collateral.
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Question

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Advances against lines of credit can be secured by collateral, and if a security interest is properly perfected, the lender has priority over other parties with an interest in the collateral.

Advances Against Lines of Credit Can Be Subject to a Perfected