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PMSI Pay Proceeds Letter

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
Form Type: Letters
Practice Area: Banking, Bankruptcy & Restructuring, Corporate & Securities

Date: Apr 2012
PLI Item #: 46886
Keywords: PMSI; purchase money security interest; UCC; 9-103; article 9; lender; borrower
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