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Can a Lender Rely on a Purchase Money Security Interest Status and Sleep at Night?
By Paul J. Graf
Spring 1992

The most important feature of a purchase money security interest (PMSI) is that is is accorded a super priority over a previously perfected nonpurchase money security interest which, but for the purchase money status, would be superior to it.

Can a Lender Rely on a Purchase Money Security Interest Status and Sleep at Night?</span><br style=\"font-weight: bold;\" />By Paul J. Graf</span><br style=\"font-weight: bold;\" />Spring 1992</span><br /><br />The most important feature of a purchase mon