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The lien priority of junior lien can be changed by a lienor's agreement to ________?

1) Subordinate the lien
2) Terminate the lien
3) Amend the lien
4) Enforce the lien

User Tilsa
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Final answer:

The priority of a junior lien can be changed by agreeing to subordinate the lien, which alters the normal ranking of liens and allows another creditor to have a higher claim on the proceeds from the sale of secured property.

Step-by-step explanation:

The lien priority of a junior lien can be changed by a lienor's agreement to subordinate the lien. Subordination is an arrangement by which a creditor (lienor) agrees to rank its claim or interest behind that of another creditor in the priority sequence. This agreement is performed to alter the normal priority ranking of liens. Thus, when a lienholder agrees to subordinate their lien, it means they are willing to have their claim to be paid from the proceeds of a sale of the secured property to be ranked lower than that of the lien that has been given a higher priority.

User Eligijus Pupeikis
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