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#33470 - 09/19/02 03:15 PM Savings Bonds as Collateral
CFreasier Offline
Junior Member
Joined: Mar 2001
Posts: 25
Corpus Christi, TX, USA
Does anyone know if you can take savings bonds as collateral? If you can, how do you perfect your lien and how would you determine what value to place on them?

Thanks in advance!

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General Discussion
#33471 - 09/19/02 03:18 PM Re: Savings Bonds as Collateral
Anonymous
Unregistered

From my history I found that there is no way to put a proper lien on them and know of no bank that takes them as collateral.

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#33472 - 09/19/02 03:20 PM Re: Savings Bonds as Collateral
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
5) PLEDGING SAVINGS BONDS AS COLLATERAL (NOT PERMITTED)

5.1) Can I pledge my savings bonds as collateral?
No, savings bonds aren't legally permitted to be used as collateral for a loan or as security for the performance of an obligation.

You can find more info at:

Savings Bonds FAQ
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#33473 - 09/19/02 03:44 PM Re: Savings Bonds as Collateral
CFreasier Offline
Junior Member
Joined: Mar 2001
Posts: 25
Corpus Christi, TX, USA
This confirmed what I thought. Thanks!

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