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UCC 1 Financing Statement - Real Estate Collateral

Answered by: 

Question: 
Is it necessary to file a UCC 1 financing statement when the bank takes a promissory note secured with real estate as collateral? We will file a Collateral Transfer of note and lien in the real property records.
Answer: 

State and transaction specific question that needs to be asked of legal counsel.

First published on 11/06/2016

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