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...
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...
Understand the lien meaning in law, including lien types, priority rules, and how liens affect property title, debt collection, and creditor rights. 7 min read updated on April 23, 2025 Key Takeaways A lien is a legal claim against property used to secure the payment of a debt or ...
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...
How do I remove a lienholder from my car title in New Mexico? What is a release letter for a car? release of lien nm The Legal Dimension - Residential Liens Architects will now have to be more careful than ever to collect lien waivers on homebuilding projects. A recent New Mexico...
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 ...
meaning that the lien is created by an action taken by the debtor, such as a borrower who obtains a mortgage to 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...
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Twitter Google Share on Facebook Mechanic's Lien Dictionary Thesaurus Encyclopedia Wikipedia A charge or claim upon the property of another individual as security for a debt that is created in order to obtain priority of payment of the price or value of work that is performed and materials that...
financed items (the car title) in step1114. Once the subsequent receiver account1112records the LIEN STATEMENT that may be on a separate title system, subsequent receiver account1112sends a Request to Lien Holder account at step1115to request Release the LIEN STATEMENT from its account....