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general security agreements and you whats a general security agreement if youre lending money or if youve borrowed money you might be asked or you might ask someone to sign a general security agreement its a security agreement that doesnt just attach to a house or a car or trailer or a boat it sign that generally attaches to all your stuff so you have to be a little careful when you sign a general security agreement but they are signed that you can then register the personal property registry and it gives notice to the world that someone has an interest in your belongings it could prevent someone from having financing down the road for something else but if youre a lender its a good way to secure yourself and make sure that you have access to be able to get at their stuff before it gets sold and you lose your ability to collect thats another Kahane law legal minute thank you for watching dont forget like our video share a video and dont forget to subscribe to our Channel you
