§ 9804 Unperfected Security Interest Perfection

• •If someone had a claim on property (like a loan for a car) but didn’t finish the paperwork before July 1, 2014, it automatically became official on that date if they met the new rules by then.
• •If they didn’t meet the rules by July 1, 2014, their claim becomes official only when they finish the required steps later.
• •This change happened because of a new law that started in 2014.

You took a loan to buy a car in 2013, but the bank forgot to file the right papers to prove they had a claim on it.

If the bank fixed the paperwork by July 1, 2014, their claim on your car became official automatically. If they didn’t, their claim only became official when they finally did the paperwork later.