Legal Question in Consumer Law in Georgia

Purchase Money Security Interest

If a retail installment contract reads ''You are giving us and we are retaining a purchase money security interest in the merchandise'', may I sell the merchadise if no UCCI was filed?


Asked on 3/12/06, 11:40 am

1 Answer from Attorneys

Charles W. Field Charles W. Field, Attorney at Law

Re: Purchase Money Security Interest

My initial answer is "yes". However, I would advise you to consult with a local attorney to review the contract.

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Answered on 3/13/06, 5:00 pm


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