Western District of Michigan Trustees, Inc. v. First of America Bank—Ludington, N.A. (In re Pierce)

OPINION

SECURITY AGREEMENT — DESCRIPTION OF COLLATERAL

DAVID E. NIMS, Jr., Bankruptcy Judge.

This case presents the question whether a security agreement becomes ineffective when the collateral is modified in such a way as to no longer match the description in the agreement.

I

The facts in this case are very simple. First of America Bank — Ludington, N.A. (“Bank”), Defendant, financed debtor’s purchase of a new Chevy “Delta” Van, Vehicle Identification Number (“VIN”) CGL 2597124550. A written security agreement was signed by the parties and *741that agreement described the van as a “new Chevy Delta…