Dieter is a debtor to Maxwell,the secured party.Dieter lives in Ohio and works in Kentucky.Maxwell lives in Indiana and works in Iowa.Where must the secured party file the financing statement?

Question

Quizplus · Accepted Answer

The correct place to file a financing statement for a debtor is in the debtor's location, which, for an individual, is their principal residence. Since Dieter lives in Ohio, the financing statement should be filed there.

Dieter Is a Debtor to Maxwell,the Secured Party