NAICS Code 541110-17 - Lien Processing Service

Marketing Level - NAICS 8-Digit

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  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
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  • Employee Count
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NAICS Code 541110-17 Description (8-Digit)

Lien processing service is a specialized industry that deals with the management and processing of liens. Liens are legal claims against a property or asset that are used to secure payment of a debt or obligation. Lien processing services are typically used by businesses, government agencies, and individuals who need to file or release liens. These services involve a range of tasks, including researching and verifying lien information, preparing and filing lien documents, and managing lien portfolios.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541110 page

Tools

Tools commonly used in the Lien Processing Service industry for day-to-day tasks and operations.

  • Lien tracking software
  • Document management software
  • Electronic signature software
  • Public record databases
  • Credit reporting tools
  • Payment processing software
  • Customer relationship management (CRM) software
  • Accounting software
  • Legal research databases
  • Compliance management software

Industry Examples of Lien Processing Service

Common products and services typical of NAICS Code 541110-17, illustrating the main business activities and contributions to the market.

  • Construction lien processing
  • Medical lien processing
  • Tax lien processing
  • Vehicle lien processing
  • Property lien processing
  • Mechanics lien processing
  • Judgment lien processing
  • Workers' compensation lien processing
  • Hospital lien processing
  • Municipal lien processing

History

A concise historical narrative of NAICS Code 541110-17 covering global milestones and recent developments within the United States.

  • The Lien Processing Service industry has been around for many years, with the first recorded lien being filed in the United States in 1791. Since then, the industry has grown and evolved, with the introduction of electronic filing systems and the use of software to streamline the process. In recent years, the industry has faced challenges due to the COVID-19 pandemic, with many courts closing or operating at reduced capacity, leading to delays in the processing of liens. However, the industry has adapted by offering online services and remote filing options to continue serving clients during these difficult times.