A contractor's, laborer's, and material person's statutory lien that makes the real property to which services or materials have been provided security for the payment of the services and materials is known as ________.

Question

Quizplus · Accepted Answer

A mechanic's lien is a type of statutory lien that gives contractors, laborers, and material suppliers the right to file a lien against a property when they are not paid for their services or materials. The lien makes the property collateral for the payment of the debt. This type of lien is specific to the construction industry and is enacted on a state-by-state basis. It is also commonly referred to as a construction lien or a supplier's lien.

A Contractor's, Laborer's, and Material Person's Statutory Lien That Makes