The payment of Paul's debt to Ryan is guaranteed by Paul's 2002 Honda Civic. Ryan filed the financing statement on July 1, 2012. If Ryan does nothing else, the financing statement will be effective until

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A financing statement is generally effective for five years from the date of filing. Since Ryan filed the financing statement on July 1, 2012, it will be effective until July 1, 2017.

The Payment of Paul's Debt to Ryan Is Guaranteed by Paul's