Final answer:
A lienholder is usually required to give notice of legal action to the debtor before selling their property to satisfy a debt. This includes informing the debtor about the lien and potentially providing a warning period and the right to a hearing.
Step-by-step explanation:
The question pertains to the requirements for lienholders before they can sell a debtor's property to satisfy a debt. In the context of lien law, notice of legal action is a procedural step that must be taken by the lienholder to inform the debtor about the impending legal process to recover the owed money.
This step is crucial as it ensures that the debtor is aware of the lien and the possibility of their property being sold to satisfy the debt. Before a lienholder can proceed with selling the property, they must give notice to the debtor that such action will be taken - potentially including a warning period and the right to a hearing.
Notice requirements vary based on the type of lien and the legislation in the jurisdiction where the property is located. Typically, statutory liens, such as tax liens or mechanics' liens, require the lienholder to inform the debtor about the lien and provide them with the opportunity to respond before the property can be sold.