The steps in terminating a financing transaction upon full payment by the debtor include the preparation of a termination statement by the creditor and the presentation of the statement to the filing officer,who marks the record "terminated."

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This is true, as a termination statement is a document filed with the filing officer to terminate the security interest on the debtor's property, and once marked "terminated," the transaction is considered closed.

The Steps in Terminating a Financing Transaction Upon Full Payment