Liens Are Not Protected by Constitution, Circuit Rules

A 2005 law increasing the homestead exemption for New York debtors can be retroactively applied to a lien incurred before the reform took effect and, critically, does not violate the takings clause of the Fifth Amendment, a federal appellate court has held.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.newyorklawjournal.com/PubArticleNY.jsp?id=1202665719461&rss=newswire

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