Novation of retail seller's purchase money security interest in household goods sold to debtor on credit did not occur upon the seller's assignment of the sale contract to a third-party finance company. Finance company had a close nexus with the retail seller which predated the sale of goods to the debtor. Sale was consummated by the seller in reliance on the finance company's pre-sale approval of a credit application submitted by the debtor.
11 U.S.C. § 522(f) -- Lien Avoidance
Wis. Stat. § 409.107 -- Purchase Money Security Interest
Security Interests -- Purchase Money