---
title: "Check the timing of a purchase-money security interest filing"
url: "https://ailawframework.com/practice/banking-and-finance/check-the-timing-of-a-purchase-money-security-interest-registration/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-OC20261022-2-US"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Check the timing of a purchase-money security interest filing

> From the collateral type and the dates the lawyer supplies, the tool calculates the last day of the 20-day period after the debtor receives possession for goods other than inventory or livestock, and it lists whether…

Canonical page: https://ailawframework.com/practice/banking-and-finance/check-the-timing-of-a-purchase-money-security-interest-registration/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the collateral type and the dates the lawyer supplies, the tool calculates the last day of the 20-day period after the debtor receives possession for goods other than inventory or livestock, and it lists whether an inventory interest was perfected when the debtor received possession. It records the five-year window for the inventory notification. It does not decide that the interest is a purchase-money security interest. |
| What the lawyer must review | UCC Sections 9-103 and 9-324. Section 9-103(b) makes a security interest in goods a purchase-money security interest to the extent the goods are purchase-money collateral, and also to the extent it secures a purchase-money obligation incurred for other inventory or for software in which the secured party holds or held a purchase-money security interest. Section 9-324(a), except as subsection (g) provides, gives priority to a perfected purchase-money security interest in goods other than inventory or livestock if it is perfected when the debtor receives possession or within 20 days thereafter. Section 9-324(b), subject to subsection (c) and except as subsection (g) provides, requires the inventory interest to be perfected when the debtor receives possession, an authenticated notification stating that the sender has or expects a purchase-money security interest in the debtor's inventory and describing that inventory, and receipt of the notification by the holder of the conflicting interest within five years before the debtor receives possession. Subsection (c) applies (b)(2) through (4) only if that holder had filed a financing statement covering the same types of inventory before the purchase-money filing, where perfection is by filing, or before the beginning of the 20-day period in Section 9-312(f), where the interest is temporarily perfected without filing or possession. Livestock priority is in subsections (d) and (e). The lawyer applies subsection (g) and the livestock subsections from the enacting state's text. |
| Written for | United States |
| Applies to | [Check the timing of a purchase money security interest registration](https://ailawframework.com/practice/banking-and-finance/check-the-timing-of-a-purchase-money-security-interest-registration.md) |

## Checking plan

- What the AI does: From the collateral type and the dates the lawyer supplies, the tool calculates the last day of the 20-day period after the debtor receives possession for goods other than inventory or livestock, and it lists whether an inventory interest was perfected when the debtor received possession. It records the five-year window for the inventory notification. It does not decide that the interest is a purchase-money security interest.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Article 9 in the sources is the uniform text. The lawyer reads the enacting state's current text before reliance.
- The 20-day period in Section 9-324(a) runs from possession. It does not apply to inventory. Section 9-317(e) uses delivery and is a different test.
- Subsection (g), and the livestock rules in subsections (d) and (e), were not applied beyond naming them. The lawyer reads them in the enacting state's text.

## Sources

- [UCC § 9-103, Purchase-money security interest](https://www.law.cornell.edu/ucc/9/9-103) (checked 2026-10-22)
- [UCC § 9-324, Priority of purchase-money security interests](https://www.law.cornell.edu/ucc/9/9-324) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*