Which of the following statements about liens is FALSE?

a. There may be multiple liens against a property.

b. Liens never convey ownership.

c. An owner acquires existing liens along with the property.

d. Recording payment of a lien terminates the lien.

The statement " Liens never convey ownership " is false

Explanation:

A lien is a type of security interest given over an item of property to insure the loan or other duty is paid or met. The claimant and lien holder of the land is referred to as the lienee and the lien holder is called the lienor or lien holder.

Statutory or non-consensual liens for the possession of an estate for unpaid bills are secured by court procedures. This can include financial connections - for a federal, state or local government to pay taxes - or contractors ' or technician ties, a lien is put on someone's house.

Examples have included a first home loan, a car loan or cases in which the lender funds properties purchases through a credit agreement, such as furniture. Non-buy Security Interest Connection. The debtor here positions property which he / she already owns as the security of a loan.