Secured Transactions FAQs
-
What is a secured transaction?
A secured transaction is when a creditor is given a right to or lien on the debtor's property to guarantee payment of the debt. A security interest arises when in … more -
What is a lien?
Some creditors have special rights to collect debts in the form of liens. Liens may come up in various ways including judgment liens obtained as a result of court … more
Collections-Creditors Rights Sub-categories
