The Assignment & Transfer of Liens

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The assignment and transfer of liens is something that needs to be done in a very specific way. Find out about the assignment and transfer of liens with help from a practiced attorney in this free video clip.

Part of the Video Series: Law Lessons
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Video Transcript

Hello, I'm Robert Todd, and I'm here to talk to you about the assignment and transfer of liens. The legal terminology for the transfer of a lien is assignment of lien. And liens can be attached to personal property such as a motor vehicle. Or they can be attached to real property such as a mechanic's lien on your house. And of course, maritime liens on shipment of cargo. And of course, since liens are property and are assets they can be transferred and assigned to other individuals. Now whether or not an assignment of a lien must be registered depends upon the state in which the lien is recorded. I'm Robert Todd, and thank you for watching.

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