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Doctor Credit

We rent equipment. The value of the equipment and the cost of filing UCCs on our equipment make such filings impractical. Any suggestions?

Answer: : Yes. Make certain your rental agreement also grants you a security interest in your rented equipment. Even though you will not 'perfect' this security interest, the fact that a security interest exists is better than a situation in which you are delivering equipment that might be co-mingled with your customer's assets.

 
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