Which of the following is correct concerning termination statements?

a. A termination statement must be filed by a secured party when a debtor has defaulted on a loan.
b. For consumer debt, the secured party must complete a termination statement in every place that it filed a financing statement.
c. The secured party must file a termination statement within 30 days of a consumer debtor's demand, provided the debtor has paid the full debt.
d. A termination statement indicates that a secured party is transferring its rights to collateral to another party.


b

Business

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