The debtor must have rights in the collateral. Once these requirements have been met, the creditor’s rights are said to attach to the collateral. Attachment gives the creditor an enforceable security interest in the collateral [UCC 9–203].1 For example, if Sam applies for a credit card at a local department store, the application will likely contain a clause stating that the store will retain a security interest in the goods that he buys with the card until he has paid for the goods in full. This application would be considered a written security agreement, which is the first requirement for an enforceable security interest. The goods that Sam buys with the card are the collateral (the second requirement), and his ownership interest in those goods is the right that he has in them (the third requirement). Thus, the requirements for an enforceable security interest are met. When Sam buys something with the card, the store’s rights attach to it.

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