lien theory

lien theory. The idea that a mortgage resembles a lien, so that the mortgagee acquires only a lien on the property and the mortgagor retains both legal and equitable title unless a valid foreclosure occurs. • Most American states — commonly called lien states, lien jurisdictions, or lien-theory jurisdictions — have adopted this theory. Cf. TITLE THEORY. [Cases: Mortgages 136. C.J.S. Mortgages § 183.]

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词条贡献者

译者Lester，毕业于法国一流的高级翻译学院，擅长翻译各种与环境与自然资源相关的法律文件。