Credit and Debit Cards
Home Equity and Refinancing
Debt Collection

What is Lein holder?

User Avatar
Wiki User
2012-03-17 20:06:46

When you owe a person, company, or government entity a sum of

money they can place a "lein" on your assets. This could be your

home, car, anything you own. The "lein" simply means that you

cannot sell that item without paying what you owe.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.