Jones lives in Illinois, but works in Indiana. Jones borrows $1,000 from Heartland Bank, using her car as collateral. To perfect its security interest, the bank must file its financing statement in at least

Question

Jones lives in Illinois, but works in Indiana. Jones borrows $1,000 from Heartland Bank, using her car as collateral. To perfect its security interest, the bank must file its financing statement in at least​

Quizplus · Accepted Answer

The financing statement should be filed in the state where the debtor is located, which is Illinois, as Jones lives there.

Jones Lives in Illinois, but Works in Indiana