Description and Coding Systemâ (âHarmonized Systemâ or simply the âHSâ).2 It went. into effect internationally on January 1, 1988, with the entry into force of the. International Convention on the Harmonized Commodity Description and Coding. System (âHarmonized System Conventionâ) to which the Harmonized System is.
A secured debt or secured claim is one where the lender has some sort of collateral. A car loan or home mortgage would be the most common examples, but other debts may be secured as well, especially in business settings.
Check the Title for Lenderâs Liens. A lender will place a lien on the title of a vehicle it finances as a security interest to ensure the loan is paid in full before the car is sold and ownership is transferred to someone else.iens placed by lenders, mechanics and storage companies must all be recorded with the DMV in the state where the car is registered. To check these records, get the vehicle identification number of the car and have the DMV do a search for liens.