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Secured Party (a/k/a Secured Creditor): A lender, seller, or any other person who is a beneficiary of a security interest, including a person to whom accounts or chattel paper has been sold.

Article 9 protects your right to freedom of thought, belief and religion. It includes the right to change your religion or beliefs at any time.

(a) After default, a secured party may (1) take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on a debtor's premises.

§ 9-623. RIGHT TO REDEEM COLLATERAL. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

If the debtor defaults and does not repay the loan, generally the secured party can foreclose and recover the collateral. A person who has an ownership or other interest in the collateral and owes payment of a secured obligation Revised UCC 9-102(a)(28).

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 Section 9-611 of the Uniform Commercial Code, a secured creditor is required, in most circumstances, to send a reasonable authenticated notification of disposition. The notice is intended to provide the debtor, and other interested parties, an opportunity to monitor the disposition of the collateral, purchase

If a borrower defaults on a secured credit product, the secured creditor has a legal right to the secured asset used as collateral. The secured asset may be seized by the secured creditor and sold to pay off any remaining obligations.

To become a secured party, the creditor must obtain a security interest in the collateral of the debtor.

If the debtor defaults under its obligation, the secured creditor may proceed to sell the assets representing the collateral under the secured party's Credit Agreement.

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Tarrant Texas Notice of Public Sale of Collateral (Consumer Goods) on Default

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Who is the secured party in a secured transaction?

What does Article 9 say?

What are a secured party's rights on a debtor's default?

What section of the UCC addresses the debtors rights to redeem collateral after repossession?

When a debt is secured by property as collateral and the debtor defaults The creditor may quizlet?

What is a secured party?

What is a notice of disposition of collateral?

When a debtor defaults a secured creditor can?

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When a debt is secured by property as collateral and the debtor defaults The creditor may?

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