For how long can a lien remain valid without being satisfied through payment or legal actions?

Prepare for the Ohio Certified Professional Lease and Title Analyst (CPLTA) Test. Use flashcards and multiple-choice questions with detailed hints and explanations. Ace your exam!

A lien typically remains valid for a specific duration if it is not satisfied through payment or legal actions. In Ohio, and many other jurisdictions, the standard duration for a lien to remain valid before it may need to be renewed or will lapse is typically five years. This period allows the lienholder time to enforce their claim through legal action if necessary.

Over time, if the lien is not acted upon, it could lose its validity, thus requiring that the lien be satisfied or extended. While some types of liens might have different durations, the common understanding in this context aligns with the five-year standard in Ohio.

In this case, the answer chosen as one year does not accurately reflect the common statutory period for most liens, which aligns more consistently with the five-year duration. Therefore, a lien will generally remain valid for five years without being satisfied unless otherwise specified by the type of lien or any applicable circumstances that might allow for extensions or renewals of that lien.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy