Lien Reason Type Code
Source of Definition: MVAs
Source of Data: MVA
Indicates the reason a lien was created.
Code
|
Description
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C
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Consensual lien. A lien agreed between the seller and purchaser, when the vehicle was purchased.
|
M
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Mechanics Lien. A lien field by a garage for unpaid repairs or enhancements to a vehicle.
|
N
|
Construction lien. A lien filed against a property owner who didn't pay their contractor.
|
S
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Statutory lien. A lien that was obtained through the court because of unpaid bills. [12 CFR 701.39]
|
T
|
Tax lien. A lien filed when a tax payer does not pay their taxes.
|
Logical Format (Type/Max Length): AN/1.
VLNRTC
releaseReasonTypeCode type: string-code
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