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0 tracked cards Supplemental - Not MEE July 2026

A lender has an attached security interest in a dealer's inventory. The dealer sells inventory to a customer on credit and receives an account receivable that can be traced to the inventory sale.
What is the lender's best Article 9 argument about the account receivable?

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A proceeds interest is available only for consumer goods. A security interest in collateral generally attaches automatically to identifiable proceeds of that collateral. A proceeds interest requires the debtor to sign a new security agreement after every sale. A proceeds interest exists only after the secured party files a second financing statement.

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