In a secured loan transaction, it is critical for you, as the secured lender, to ensure that your security interest in the collateral is perfected in accordance with the Uniform Commercial Code requirements. In the case of bankruptcy or breach of the borrower's obligations, a lender needs the protection afforded by a perfected security interest in the collateral as it may provide the only meaningful source of funds to repay the loan.

Foreclosure News



Leave a Reply

Your email address will not be published. Required fields are marked *