Any loan for which repayment is ensured by collateral pledged by the borrower is a secured transaction .
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Q3: A mortgage gives a creditor a lien
Q4: Mortgage insurance compensates a debtor for losses
Q5: Because a mortgage involves a transfer of
Q6: The loans made by companies that provide
Q7: Most liens have little practical use, because
Q9: Foreclosure is a process that allows a
Q10: An individual who borrows funds from a
Q11: A prepayment penalty clause helps to protect
Q12: A small-amount mechanic's lien typically stays on
Q13: Federal law provides a minimal framework to
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