State Lien Laws

State lien laws are legal provisions that allow creditors to claim a legal right to a debtor's property if the debtor fails to fulfill financial obligations, such as loans or taxes. This means that if you owe money, the creditor can place a lien on your property, which serves as a public notice of their interest. The lien must be settled before you can sell or refinance the property, ensuring that creditors can recover debts owed to them. Each state has its own specific rules and procedures regarding how liens are created and enforced.