A lien that extends only to individuals or conditions as provided for by statute is known as which type of lien?

A lien that extends only to individuals or conditions as provided for by statute is classified as a statutory lien. Statutory liens are established by specific laws and regulations, meaning they derive their authority directly from legislative enactments rather than judicial decisions or individual agreements. This type of lien applies to certain situations defined by statute, such as tax liens or mechanics' liens, which provide protections and rights to specific parties under predetermined circumstances.

The importance of a statutory lien lies in its focus on clarity and predictability; the law outlines conditions under which the lien attaches, ensuring that parties are aware of their rights and obligations. The specificity of statutory liens differentiates them from common-law liabilities that may arise from jurisprudence, equitable liens that depend on fairness and justice, or mortgage liens, which are tied to property financing agreements. This clear statutory foundation emphasizes the organized and regulated nature of such liens, ensuring compliance and enforcement through state laws.