Fiona borrows $1,000 from Garden State Bank,using her recreational vehicle (RV)motor home,which she purchased at Hugo's RV Sales & Service,as collateral.To perfect its security interest,the bank must file its financing statement with

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To perfect a security interest in most types of collateral, including vehicles, the financing statement must be filed with the secretary of state.

Fiona Borrows $1,000 from Garden State Bank,using Her Recreational Vehicle