The Supreme Court heard arguments Monday in a case that could make it tougher for lenders to protect their interest in secured loans.

The case, Fidelity Financial Services v. Fink, involves a $14,000 car loan. The lender failed to record its claim on the car within 20 days as required by federal law. So when the borrower declared bankruptcy, the trustee lumped Fidelity Financial in with all unsecured creditors.

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