Alabama Code 10A-20-8.10. Effect of article on existing liens or mortgages
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Terms Used In Alabama Code 10A-20-8.10
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- property: includes both real and personal property. See Alabama Code 1-1-1
Nothing in this article shall be construed to affect the validity of any existing lien or mortgage on the fraternal property or part thereof.