Which of the Following Is Correct Concerning Termination Statements

Multiple Choice

Which of the following is correct concerning termination statements?

A) A secured party must file a termination statement when consumer goods are involved and the debtor has paid for them.
B) The termination statement clears the debtor's public record with regard to old, irrelevant financing statements so that the same collateral can be used again to secure a future loan.
C) The secured party must file a termination statement within 20 days of a consumer debtor's demand, provided the debtor has paid the full debt.
D) All of the above are correct concerning termination statements.