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Liens - NJ MVC
A lien is a type of property claim. As related to the purchase of a vehicle, it means the lending institution holds the title until the vehicle is paid in
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N.J. Admin. Code 18:23-10.4 - Enforcement of lien
Where a taxpayer refuses or neglects to pay any tax assessed under the Act , and it has become necessary to seize and sell the property and rights to
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CRA Guide to Data Reporting and Collection
Based on its $260,000 original amount, the first lien loan would be considered a loan to a small farm and would be reported in Schedule. RC-C, part II.
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