What's a Garageman's Lien?
A lien is a legal process not to be taken lightly.
In law, a lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. In the U.S. the term lien generally refers to a wide range of encumbrances. (Wikipedia)
A garageman's lien specifically pertains to business owners in the automotive, repair, towing, parking and marine industries. A form of possessor lien, a garageman's lien is governed by the laws of New York State with specific compliance oversight administered and enforced by the Department of Motor Vehicles.
Simply Put: A garageman's lien allows a licensed business owner to place a lien against a vehicle or vessel he has in his possession to secure his right to get paid. If after properly investigating and notifying all interested parties of the debt and a deadline to pay, he has not received his money, he can auction the item to the highest bidder to get what he is owed or make a claim of title with the DMV.
Give your slow paying customers a wake up call. Start your lien today. Click or call 800-79-LIENS