Secured Transactions


Credit for the private sector is critical to economic growth. An efficient secured transactions regime improves access to credit by expanding the range of acceptable collateral (beyond conventional sources, such as real property) and providing greater legal certainty for lenders. This leads to reduced costs of borrowing, which makes credit more available to a wider range of economic actors with significant impact for MSMEs, particularly women-owned businesses and other marginalized groups, all of which serves to stimulate economic growth and development at large.

To encourage regional uniformity and harmonization of secured transactions laws, the OAS adopted the Model Inter-American Law on Secured Transactions (2002) and the Model Inter-American Registry Regulations (2009) by means of the CIDIP process.