“The issue is that you can’t create a security interest in something you don’t own,” Scott-Howman says. In these cases, it’s difficult for banks to lend without security, or lend an amount greater than the value of the security.
“The issue is that you can’t create a security interest in something you don’t own,” Scott-Howman says. In these cases, it’s difficult for banks to lend without security, or lend an amount greater than the value of the security.