Business and Personal Finance Dictionary

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• LIEN SEARCHES
  
  The process or the result of investigations into the outstanding liens in a pledgor’s or potential pledgor’s property. The lien search not only investigates the existence of all liens but also the relative priority of those liens. For personal property, a lien search may be obtained in most states by submitting a standard form, called a UCC-4, to the appropriate filing office. Secured lenders often conduct preclosing lien searches prior to loan closings and postclosing lien searches shortly after loan closings.
  
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