In the past (pre RA9), it was recommended to us by counsel that CD secured loans have a UCC filed on them.
My point, made more clearly by Jim, is that possession is required and a UCC is not required for filing.
If you are in a state still under the old rules, a UCC could be necessary.
Opinions stated are not necessarily that of my employer.
[This message has been edited by Andy Z (edited 08-13-2001).]