Escrow & Title
In Ohio, a 'fixture filing' under the Uniform Commercial Code (UCC) is used to perfect a security interest in:
APersonal property only
BFixtures — items that were personal property but are permanently attached to real property✓ Correct
CReal estate mortgages
DAgricultural equipment stored off-site
Explanation
A UCC fixture filing perfects a creditor's security interest in goods that become fixtures (attached to real property). It is filed at the county recorder's office to put real estate lenders on notice.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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