What does the debtor need to authenticate in a secured transaction?

In a secured transaction, the debtor must authenticate a Security Agreement to create a valid security interest in the collateral. The Security Agreement is a fundamental document that outlines the terms of the security interest, including a description of the collateral being secured and the obligations of the debtor.

The authentication of the Security Agreement is critical because it serves as evidence that the debtor agrees to the terms of the secured transaction and acknowledges the lender's rights in the specified collateral. This requirement for authentication is crucial in establishing that the security interest is enforceable against the debtor and, in the case of default, gives the secured party the right to seize the collateral.

While the other documents listed—such as a Consent Form, Loan Agreement, or Bill of Sale—may play important roles in different aspects of a secured transaction, they do not satisfy the requirement for creating a security interest in the collateral. The Security Agreement specifically fulfills the legal requirements outlined in Article 9 of the Uniform Commercial Code (UCC), making it the correct authentication needed by the debtor in a secured transaction.