They prefer the U.S. Treasury hold the lienThey prefer the U.S. Treasury hold the lien
“A home mortgage is the most common example of secured debt in our society, but practically any valuable possession can secure a loan. We really do mean anything, tangible or intangible—a car, a collection of tattered law books, a debt that a third party owes to the borrower, the borrower’s rights under an esoteric contract (such as a musician’s right to receive royalties from a song each time it gets downloaded to an iPod), or a plaintiff’s rights to collect money from a lawsuit. Even a tenant’s interest in a lease or a farmer’s grazing rights on land can be pledged as collateral for a loan. Once you learn the legal power that a lender gets from having collateral, you’ll wonder why lenders ever loan money without taking a security interest.” – Nathalie Martin and Ocean Tama, Inside Bankruptcy Law (emphasis in original)