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Summary judgment granted for fixed debt; bank had no obligation to perfect security interest.
The plaintiff bank loaned the defendant funds to purchase a motorhome.
The defendant left the title in the dealership's name to obtain fleet insurance rates.
The bank failed to properly register its security interest under the PPSA due to a typographical error.
When the dealership went bankrupt, the motorhome was sold and the defendant stopped making loan payments.
The bank sued for the outstanding debt and moved for summary judgment.
The defendant counterclaimed, arguing the bank failed to mitigate its damages by not perfecting its security interest.
The court granted summary judgment to the bank, finding no obligation on the bank to register the security, and noting that mitigation does not apply to an action for a fixed debt.
