Large, secured loans are recorded in public ledgers by law. I believe the motivation was to prevent people from going around and securing multiple loans with the same asset, before credit-scoring agencies existed.
> Large, secured loans are recorded in public ledgers by law.
That's not true of “large, secured loans” in general.
OTOH, it is true of certain real property interests, including those of both owners and secured lenders; this is about the size of a secured loan, it's about clarity of title to real estate.
