Primarily to protect a security interest definition

Primarily to protect a security interest means that the holder’s indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation. (3-13-97)
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Primarily to protect a security interest means the indicia
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Primarily to protect a security interest means that the holder’s indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation, but does not include indicia of ownership held primarily for investment purposes, nor ownership indicia held primarily for purposes other than as a protection of a security interest. A holder may have other, secondary reasons for maintaining indicia of ownership, but the primary reason why ownership indicia are held shall be for protection of a security interest.
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Examples of Primarily to protect a security interest in a sentence

  • Primarily to protect a security interest means that the holder's indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation.

  • Primarily to protect a security interest, as used in this subpart, does not include indicia of ownership held primarily for investment purposes, nor ownership indicia held primarily for purposes other than as protection for a security interest.

  • A person is not required to hold title or a security interest in order to maintain indicia of ownership; (10) "Primarily to protect a security interest" means that the holder's indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation, but does not include indicia of ownership held primarily for investment purposes, nor ownership indicia held primarily for purposes other than as a protection of a security interest.

  • Primarily to protect a security interest, as used in this rule, does not include indicia of ownership held primarily for investment purposes, nor ownership indicia held primarily for purposes other than as protection for a security interest.


More Definitions of Primarily to protect a security interest

Primarily to protect a security interest means the indicia of ownership is held primarily for the purpose of securing payment or performance of an obligation. The term does not include indicia of ownership held primarily for investment purposes nor indicia of ownership held primarily for purposes other than as protection for a security interest. A holder may have other, secondary reasons, for maintaining indicia of ownership, but the primary reason must be for protection of a security interest. Holding indicia of ownership after foreclosure or its equivalents for longer than five years shall be considered to be holding the indicia of ownership for purposes other than primarily to protect a security interest. For facilities that have been acquired through foreclosure or its equivalents prior to July 23, 1995, this five-year period shall begin as of July 23, 1995.
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Primarily to protect a security interest means the
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Primarily to protect a security interest means that the holder's
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Primarily to protect a security interest means that the holder's indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation, but does not include indicia of ownership held primarily for investment
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Primarily to protect a security interest means the indicia of ownership is held primarily for the purpose of securing payment or performance of an obligation. The term does not include indicia of
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Primarily to protect a security interest means that the holder’s indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation. (3-20-20)T
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