With a lien, you can register personal property as security against a loan.
Items you can register as a lien include:
- household goods
If you are accepting goods as security against a loan, these goods are considered interests. You should register your interests to protect against loss, legal conflicts or if the person doesn’t pay you back.
What’s important to know
Search the personal property registry system before buying any items that are considered personal property. They may be registered as a lien.