What is the national standard for perfecting a security interest in an automobile or a boat?
A)Perfection by pledge or perfection by filing
B)Perfection by filing or perfection by possession
C)Automatic perfection or perfection by possession
D)Automatic perfection or perfection by filing
E)No national standard exists for perfecting a security interest in an automobile or a boat.

Question

Quizplus · Accepted Answer

No national standard exists for perfecting a security interest in an automobile or a boat.Each state has created special laws that pertain to perfection of security interests in motor vehicles.

What Is the National Standard for Perfecting a Security Interest