Banker’s Lien

A bank has a right to place a lien against a borrower’s property if they default on their loan.

A banker’s lien, similar to other possessory liens, gives a bank claim over property that they have come in possession of in their business with the borrower. The bank can then attempt to sell the property in order to receive payment from the borrower. The bank does have to give the borrower notice of potential seizure and sale.

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