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The right of lien is a legal claim or right that allows a creditor to retain possession of a debtor's property until a debt owed by the debtor is satisfied. Common examples include a mechanic's lien, where a mechanic can retain a vehicle until the repair costs are paid, and a landlord’s lien, where a landlord may retain a tenant's personal property for unpaid rent. Additionally, a bank may have a lien on a mortgaged property, allowing it to reclaim the property in case of default on the loan.
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Is An artisan's lien a defense to a charge of trespass to personal property?
No. A lien doesn't give you the right to trespass.No. A lien doesn't give you the right to trespass.No. A lien doesn't give you the right to trespass.No. A lien doesn't give you the right to trespass.
What is No Lien Account?
No Lien accounts are account on which the concerned bank could not exercise its right of general lien (general terms and conditions).
What is a vendors lien?
A vendors lien is the right of a seller to retain the property till payment of the purchase price
What is a homophone for lean?
A homophone for "lean" is "lien," which is a legal term meaning a claim or right to property.
How can you get an IRS tax lien off a property that you hold a mortgage on if your mortgage pre dates a tax lien for the person who financed?
The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.
What is the difference between general lien and particular lien?
particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......
What is a possessory lien?
A possessory lien is the right of the creditor to retain possession of his debtors property until his debt has been satisfied.
What is an attorney's lien?
An attorney's lien is the right of an attorney to retain a client's papers until the attorney's fees have been paid.
What are the lien holder's right's if the customer is deceased in TX?
They can still enforce the lien. They may have to file a claim against the estate.
What is an accountant's lien?
An accountant's lien is the right of an accountant to retain a client's papers until the accountant's fees have been paid.
What should you do if a credit card company put a lien on my house in California?
If the lien is attached to a valid debt, the only recourse the debtor has is to pay the amount of the lien. If the judgment debtor believes the lien to be faulty he or she has the legal right to file suit to have the lien removed from the encumbered property.
Can you import a vehicle into Canada that has a lien on it?
A lien only exists when a vehicle is in the possession of the person/company who are owed monies from it, once released legally, there is no holding on it and the right of lien has been lost
