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.
If you apply for a car title loan, itâs important to: Review the loan terms. Car title lenders must give you the terms of the loan in writing before you sign for the loan. The federal Truth in Lending Act treats car title loans like other types of credit: lenders must disclose the cost of the loan. Specifically, lenders must give you the finance charge (a dollar amount) and the APR (the cost of credit on a yearly basis).