Under MCA 71-3-101, the term “lien” is defined as a charge imposed in in some mode other than by a transfer in trust upon specific property by which it is made security for the performance of an act. Liens are either general or special.
In more basic terms, a lien is generally described as a creditor’s legal claim against property of a debtor, as security for a debt owed. Liens may arise by agreement (e.g. mortgages, car loans, personal loans), or as a matter of law (i.e. nonconsensual liens, such as tax liens, judgment liens or mechanic’s liens).
For a broader overview of judgment collection issues, visit our page on Collecting a Judgment in Montana.