Appropriate Office to File a Financing Statement

Appropriate Office to File a Financing Statement

Assessment

Interactive Video

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Business, Social Studies

University

Hard

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.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the general method for filing a financing statement in most states?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Where do you typically file financing statements in most states?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of the Clerk of Courts Association in the filing process?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the filing process differ when it comes to real property?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the office called where registered deeds are transferred?

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