Appropriate Office to File a Financing Statement

Appropriate Office to File a Financing Statement

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains the process of filing financing statements in different jurisdictions. It highlights that most states use the Secretary of State's office, while others may require filing through local courthouses. Regardless of the method, filings are recorded in a statewide system. For real property, filings are done at the registrar of deeds office, where property interests and security interests are recorded.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In most states, where is the financing statement typically filed?

Federal courthouse

Local courthouse

Registrar of deeds office

Secretary of State's office

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who generally maintains the commercial system for UCC filings?

The federal government

The registrar of deeds office

The Clerk of Courts Association

The local courthouse

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In some states, where are financing statements filed if not through the Secretary of State's office?

Local courthouse

Registrar of deeds office

Federal courthouse

State library

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where should you file property interests for real estate?

Local library

Registrar of deeds office

Federal courthouse

State museum

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the registrar of deeds office?

To manage state parks

To issue business licenses

To maintain federal records

To record security interests in real property