View Changes And Revision History Of Legal Oregon Secured Transactions Forms For Free

Under subsection (a), a security interest in instruments may be perfected by filing. This rule represents an important change from former Article 9, under which the secured party's taking possession of an instrument was the only method of achieving long-term perfection.

What makes someone a secured party? To put it in simple terms, the secured party is the creditor on the UCC loan. The creditor is the secured party because they have a financial interest in the collateral which the lien is on.

(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed.

My bank is the secured party and owns a security interest in my car. My car served as the collateral for my loan. If I fail to make payments, my bank can repossess, or take, my car in order to settle my debt. Mortgages are another example of a secured transaction.

Defined in the UCC as: A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding. A person that holds an agricultural lien.

Under Oregon's Public Records Law, ?every person? has a right to inspect any nonexempt public record of a public body in Oregon. [1] This right extends to any natural person, any corporation, partnership, firm or association, and any member or committee of the Legislative Assembly. I. Public Records - Oregon Department of Justice Oregon Department of Justice ? public-records ? i-public-... Oregon Department of Justice ? public-records ? i-public-...