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Liens can be invoked by the creditor if the debtor fails to meet their obligations, allowing the creditor to seize and sell the assets. Bank liens, judgment liens, and mechanics liens are three common types. Government entities can also impose liens to collect money they are owed.
How long does a judgment lien last in South Carolina? A judgment lien in South Carolina will remain attached to the debtors property (even if the property changes hands) for ten years.
About South Carolina Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.
Is South Carolina a Tax Deed or Tax Lien State? South Carolina is a Tax Deed State.
South Carolina lien law provides that when a debt secured by such a lien is fully paid, the creditor, at the expense of the debtor, shall enter on the margin of the registry where the statement is recorded a discharge of his lien or shall execute a release thereof, which may be recorded where the statement is recorded
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