1101 Lien Priority Code

Code identifying the rights and relationship of a loan to any other loan secured by the same property

Type

Identifier (ID)

Length

Min 1 / Max 1

Codes

Code	Description
1	First (Primary)
2	Second
3	Third
4	Fourth
5	Unsecured
W	Wrap-Around A refinancing technique involving the creation of a second mortgage which includes the balance due on any existing mortgages plus the amount of the new secondary or junior lien
Z	Mutually Defined