UNCITRAL Legislative Guide on Secured Transactions

The UNCITRAL Legislative Guide on Secured Transactions offers a framework for countries to create laws regarding secured transactions, which are agreements that allow borrowers to use their assets as collateral for loans. The guide aims to improve access to credit by standardizing how these transactions are treated legally. It emphasizes clarity in registration, rights upon default, and enforcement procedures, helping both lenders and borrowers understand their rights and responsibilities. By promoting efficient and transparent secured transactions, the guide supports economic development and reduces risks in lending processes globally.