A lien is an encumbrance on one person's property to secure a debt the property owner owes to another person. The statement that someone's property is "tied up" describes the effect of liens on both real andPersonal Property.Lienis a French word meaning "knot or binding" that was brought...
There are also liens known as statutory liens, meaning that they were created by law rather than a specific contract. These liens are common in the field of taxation, where laws often allow tax authorities to put liens on the property of delinquent taxpayers. For example, many municipalities c...
If a co-owner exists on the title, meaning another person's name is also on the front on the title, that person must also sign. If no "Co-owner" spot exists, the person must sign next to your name. Some states require notarized signatures. Odometer, Price and Damage Information States...
5.Obligations Post-Discharge: Even if a debt is discharged in bankruptcy, certain liens can remain, meaning the debtor may still be responsible for satisfying the lien to clear the title of the property.6.解除后的义务:即使债务在破产中被解除,某些留置权仍可能存在,这意味着债务人仍需满足留置权...
What is a security interest on a car title? The term “security interest” means an interest (including an interest established by a conditional sales contract, mortgage, equipment trust, or other lien or title retention contract, or lease) in a motor vehicle whenthe interest secures payment or...
meaning that the lien is created by an action taken by the debtor, such as a borrower who obtains amortgageto buy a home and agrees that the home will serve as collateral for the loan. That's opposed to an involuntary lien, which is imposed on the debtor by, for example, a court of...
A lienholder is the bank, finance company, credit union, other financial institution, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car, as collateral. As long as there is a balance due on the loan, the lienholder must be repaid befo...
the mortgage lender—to clear the title and proceed with the sale. judgment liens as its name suggests, a judgment lien is a lien that’s placed as part of a court judgment. for example, if a lender sues a borrower for nonpayment on a debt, the court may put a lien on the borrower...
11. What can be the best title of the text A. A Plague Fighter B. A Global Health Crisis C. The Beginning of the Chinese Public Health System D. A Plague Outbreak 免费查看参考答案及解析 题目: Do many people you know drive a car How do you get a license to drive a car in your...
A lien is an encumbrance on one person's property to secure a debt the property owner owes to another person. The statement that someone's property is "tied up" describes the effect of liens on both real and Personal Property. Lien is a French word meaning "knot or binding" that was ...