The bank should have done what to terminate its interest in any property belonging to Morgan?

Question

Quizplus · Accepted Answer

A)A termination statement is an amendment to a financing statement that provides
that the debtor has no obligation to the secured party [UCC 9-513a)].After repayment by the debtor,the secured party has one month to file the termination statement.However,if the debtor makes a written request to the secured party to file the termination statement,the secured party has 20 days to file the termination statement [UCC 9-513b)].
B)A termination statement is an amendment to a financing statement that provides that the debtor has no obligation to the secured party [UCC 9-513a)].After repayment by the debtor,the secured party has one month to file the termination statement.However,if the debtor makes a written request to the secured party to file the termination statement,the secured party has 20 days to file the termination statement [UCC 9-513b)].
C)A termination statement is an amendment to a financing statement that provides that the debtor has no obligation to the secured party [UCC 9-513a)].After repayment by the debtor,the secured party has one month to file the termination statement.However,if the debtor makes a written request to the secured party to file the termination statement,the secured party has 20 days to file the termination statement [UCC 9-513b)].

The Bank Should Have Done What to Terminate Its Interest