Category: Blog

How are transactions secured?

How are transactions secured? Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and… Read more »

What makes a state a non-recourse state?

What makes a state a non-recourse state? “Recourse” states allow lenders to seek a deficiency judgment against the debtor. It is difficult to classify states as strictly recourse or non-recourse…. Read more »