James Sasser said "Yes indeed, Madam President. That would be my view also. The ``relation back'' provision merely relates to determining when a security interest in a motor vehicle is perfected in accordance with State law. Clarifying that ``relation back'' statutes are consistent with the Federal law does not change the uniformity of the Federal law. As the Chairman knows, Federal uniformity is keyed to the date on which the debtor receives possession of such property which then activates the running of the 20 day-period under section 547." @ PoliticalQuotes.com

On the recordApril 20, 1994

Yes indeed, Madam President. That would be my view also. The ``relation back'' provision merely relates to determining when a security interest in a motor vehicle is perfected in accordance with State law. Clarifying that ``relation back'' statutes are consistent with the Federal law does not change the uniformity of the Federal law. As the Chairman knows, Federal uniformity is keyed to the date on which the debtor receives possession of such property which then activates the running of the 20 day-period under section 547.

Said by

James Sasser

Tennessee

Source

govinfo.gov

Editor's note · Context

Discussing the 'relation back' provision and its implications for federal and state law regarding security interests.

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