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by dragonwriter
2526 days ago
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> Large, secured loans are recorded in public ledgers by law. That's not true of “large, secured loans” in general. OTOH, it is true of certain real property interests, including those of both owners and secured lenders; this is about the size of a secured loan, it's about clarity of title to real estate. |
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My understanding is that if it can be repossessed, the lender must have recorded the debt.
It applies to assets other than real estate, too.