The ownership interest that a vehicle owner grants to a party as security or collateral for a loan.
If a security interest is properly filed, it may be enforceable against subsequent parties who take an ownership interest in the vehicle.
Modified on: Sat, 3 Oct, 2020 at 2:06 PM
The ownership interest that a vehicle owner grants to a party as security or collateral for a loan.
If a security interest is properly filed, it may be enforceable against subsequent parties who take an ownership interest in the vehicle.
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