A Financing Statement Is Effective Only If It Is Filed

question 81

True/False

A financing statement is effective only if it is filed electronically.

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Definitions:

Chain of Title

The sequence of historical transfers of title to a piece of property or land; a record tracing the ownership back through time.

Sworn Document

A document that has been affirmed or declared to be true in the presence of a legally authorized official, often under oath or penalty of perjury.

Legal Action

A process of pursuing a lawsuit or judicial proceedings to resolve disputes or enforce legal rights.

Multiple Listing Service

A comprehensive database of available real estate listings provided by real estate brokers participating in a cooperative agreement.