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PMSI Pay Proceeds Letter

Book Publication Date: Apr 2012
Description: Template for a "pay proceeds" letter a lender may get from a borrower to ensure purchase money security interest (PMSI) status when paying loan proceeds directly to seller
Type: Letters
PLI Item #: 46886
Practice Area: Asset-based lending, Bank loans, Banking and finance, Commercial law, Secured transactions

Keywords: PMSI; purchase money security interest; UCC; 9-103; article 9; lender; borrower

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