When a Mortgage Is Taken on Personal Property in a PPSA

question 71

True/False

When a mortgage is taken on personal property in a PPSA jurisdiction, the borrower temporarily transfers title to lender.

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Definitions:

Joseph Wolpe

A psychotherapist known for developing systematic desensitization, a method used to treat phobias and anxiety disorders.

Anxiety Hierarchy

A structured list of stimuli or situations that provoke anxiety, arranged in order from the least to the most anxiety-inducing.

Therapeutic Techniques

Various methods used in the treatment of psychological disorders and emotional distress, often involving counseling, behavioral interventions, and other psychotherapeutic approaches.

Downtown Area

Typically refers to the main business, commercial, or cultural district in a city or town, often its geographic or economic center.