First National Bank of the North v. Automotive Finance Corp.

OPINION

LANSING, Judge.

This appeal in a replevin action involves a dispute between a consumer lender and a defaulting dealer’s flooring lender over the priority of security interests in three vehicles. The district court determined as a matter of law that the consumer lender’s security interest in each vehicle is superior to the security interest held by the flooring lender. The flooring lender appeals the summary judgment granted the consumer lender, and we affirm.

FACTS

Automotive Finance Corporation (AFC) is a nationwide flooring lender that entered into a financing arrangement with Scott…