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I believe the goal of the scenerio would be to create a superior lein securing an asset---when a person applies for the loan a UCC search is done, everything comes back clean, loan process goes forward, a person signs---then in the 72 hour time frame---- a UCC-1 with PN is filed during this time frame making the bank the debtor and the person the secured party---should a default occur the lender would be second in line
not really the same filing as a strawman/LS UCC-1
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