Examlex
Which of the following occurs when a party gives a loan at an interest rate exceeding the legal maximum?
Mechanic Lien
A legal claim against a property by a contractor or repairman for unpaid work, securing payment for services rendered.
Perfected Security
A security interest in a collateral that is legally binding and has been properly filed or registered, affording the creditor priority over other claimants.
Fixtures
In real estate, fixtures are items of personal property that are attached or fixed to the land or building in such a way that they become part of the real property.
Perfected
A legal term indicating that an interest or lien on a property has been legally completed and registered, making it enforceable against third parties.
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