How to create secured debt
secured loans
Jump to: navigation, search
secured loans
From Wikipedia, the free encyclopedia
secured loans
secured loans
secured loans
Debt can become secured by a contractual agreement, statutory lien, or judgment lien. Contractual agreements can be secured by either a Purchase Money Security Interest (PMSI) loan, where the creditor takes a security interest in the items purchased (i.e. vehicle, furniture, electronics); or, a Non-Purchase Money Security Interest (NPMSI) loan, where the creditor takes a security interest in items that the debtor already owns.
secured loans
[edit] How to create secured debt
secured loans
In the case of personal property, the most common procedure for securing the debt is described through the Uniform Commercial Code or UCC. This statute provides a system of forms and public filing of documents by which the creditor's interest in the property is made known.
secured loans
Jump to: navigation, search
secured loans
From Wikipedia, the free encyclopedia
secured loans
secured loans
secured loans
Debt can become secured by a contractual agreement, statutory lien, or judgment lien. Contractual agreements can be secured by either a Purchase Money Security Interest (PMSI) loan, where the creditor takes a security interest in the items purchased (i.e. vehicle, furniture, electronics); or, a Non-Purchase Money Security Interest (NPMSI) loan, where the creditor takes a security interest in items that the debtor already owns.
secured loans
[edit] How to create secured debt
secured loans
In the case of personal property, the most common procedure for securing the debt is described through the Uniform Commercial Code or UCC. This statute provides a system of forms and public filing of documents by which the creditor's interest in the property is made known.
secured loans
Labels: secured-loans
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home