Examlex
Which of the following is a false statement?
Foreclosure Order
A legal directive which authorizes the sale of collateral upon borrowers' failure to pay back a loan.
Judicial Lien
A lien obtained by a creditor through court proceedings, securing the payment of a judgment by claiming the debtor's property until the debt is satisfied.
Household Items
Personal belongings and objects that are used within a home for daily functions and activities.
Wage Garnishment
A court-ordered process that requires an employer to withhold a portion of an employee's wages and send it directly to the creditor until a debt is paid off.
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