lien statement

Definition

A statement of the unpaid balance of a promissory note secured by a lien on property, plus the status of interest payments, maturity date, and any claims that may be asserted. Also called an offset statement.

“ You should always make sure you know where your lien statement stands and do not ever get to far under water. ”

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“ The lien statement was included in the bankruptcy case documents as the lien holder wanted that information to be included. ”

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“ When I bought my new car, the dealership included a lien statement in my paperwork that detailed all of my payment information. ”

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