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Lien

Car Title

 

 

 

 

 

 

 

 

 

 

 

The legal process of securing collateral by allowing a creditor the right to foreclose or repossess collateral for which the creditor has been granted a security interest. Examples include liens on vehicles, homesteads, furniture and appliances. Above is an example of a Texas Certificate of Title for an automobile. This example shows there is space on the title for up to three liens.

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Posted October 2015