anonymous
  • anonymous
Which of these statements describes a lien? the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan the right of a lender to refuse a loan if the borrower hasn't repaid previous loans on time the right of a lender to increase interest rates depending on economic factors
Mathematics
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SOLVED
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katieb
  • katieb
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niahloves
  • niahloves
A statement that describes a lien is that it is a claim put on someone's property (i.e.: a vehicle, real estate, construction) in order to secure the payment of a debt. A lien can also be ordered by a judge for nonpayment of a debt. This lien will affect any property owned by the debtor if the debt is not paid.
niahloves
  • niahloves
A.the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan

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