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 Bmw Credit Application 2009-2025

Bmw Consumer Credit Application 2009-2025 Form

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under the Uniform Commercial Code or UCC parties must record their security interests with the state to put others on notice but what happens when a party thinks it's getting clear title due to a third party's fraudulent conduct in BMW Financial Services versus Feliz the result hinged on whether the fraudulent title was issued by the same state or a different state as the legitimate one Bruce Grant purchased a Porsche Panamera and granted BMW Financial Services a security interest in the car the Illinois secretary of state issued an original certificate of title for the Porsche naming BMW as the first lean holder several months later Grant submitted a lean release letter to the Secretary of State falsely claiming that BMW released its security interest however BMW didn't authorize or execute the release despite this the secretary issued a duplicate certificate of title not not listing BMW as a lean holder but stating that the title might be subject to the rights

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