What does transferring a lien to security under s. 713.24 accomplish for the owner?
Correct Answer
B) It moves the lien off the real property and onto the deposit or bond
Section 713.24(1) lets a lien "be transferred, by any person having an interest in the real property upon which the lien is imposed or the contract under which the lien is claimed, from such real property to other security" — either money deposited with the clerk or a surety bond. The claim is untouched; only what it attaches to changes, which is what lets a closing or a refinancing proceed.
Why This Is the Correct Answer
Section 713.24(1) lets a lien "be transferred, by any person having an interest in the real property upon which the lien is imposed or the contract under which the lien is claimed, from such real property to other security" — either money deposited with the clerk or a surety bond. The claim is untouched; only what it attaches to changes, which is what lets a closing or a refinancing proceed.
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