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Electronic Chattel Paper

One of the significant benefits bestowed upon chattel paper financers is the ability to perfect a security interest via possession, and in so doing potentially achieve priority over pre-existing secured lenders who perfected by filing a UCC Financing Statement. Now, the system is moving toward electronic chattel paper. What does this mean?

24 minute read October 02, 2015 at 12:00 AM
By
Benjamin J. Court
Electronic Chattel Paper

Traditional or tangible chattel paper has long been used to finance equipment purchases.

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