1101 Lien Priority Code

Code identifying the rights and relationship of a loan to any other loan secured by the same property

Type
Identifier (ID)
Length
Min 1 / Max 1
Codes
CodeDescription
1First (Primary)
2Second
3Third
4Fourth
5Unsecured
WWrap-Around
A refinancing technique involving the creation of a second mortgage which includes the balance due on any existing mortgages plus the amount of the new secondary or junior lien
ZMutually Defined

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