In addition to the standard practice of linking collateral objects to loans, collateral may be linked directly to the Contact.

Make sure the Contact Type of the contact that is being viewed does not have its Hide Tab option for Collateral selected in Setup > Contact Setup > Contact Type.

The functions of the buttons (listed from left to right) are:

Add Add Allows you to create a new collateral item on the contact.
Modify Modify Allows you to modify the description of the collateral item
Delete Delete Removes the collateral item from the contact and deletes it from the database.

The definitions and data types of the collateral user-defined fields, as well as the presence or absence of the Values, Location, Insurance, and Taxes tabs is dictated by the setup of the collateral code.