Document ID: chunk:federal_register_of_legislation:C2024C00719:section:4
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 4
Character Range: 270935–272398

4                                                        The collateral and proceeds               A collateral description in accordance with all of the following rules:
                                                                                                   (a) the collateral must be described as one of the following:
                                                                                                   (i) consumer property;
                                                                                                   (ii) commercial property;
                                                                                                   (b) the collateral may or must be described by serial number, if allowed or required by the regulations;
                                                                                                   (c) the collateral must belong to a single class of collateral prescribed by the regulations;
                                                                                                   (d) any description of proceeds must comply with the regulations.
                                                                                                   Note: 2 or more types of collateral that belong to different classes prescribed by the regulations must be described in separate registrations. However, 2 or more registrations can be effected through a single application.