Florida Broker Practice Exam

Which of the following describes a lien that only applies to certain property?

1. General lien

2. Specific lien

3. Super lien

4. Subordinate lien

The correct answer is: Specific lien

A specific lien is a legal claim on a particular piece of property, as opposed to a general lien, which applies to all assets owned by the debtor. Specific liens can be placed on various types of property, such as real estate or personal property, usually to secure payment of a particular debt. For example, a mortgage is a specific lien on the real estate that secures the loan used to purchase that property. This is why the identification of a specific lien is essential: it highlights that the obligation is attached solely to designated property rather than all assets of the debtor. Different types of liens, like super liens or subordinate liens, may have specific roles or priority levels, but they do not inherently limit their application to just certain pieces of property in the same manner as a specific lien does.