Which of the following accurately describes a voluntary lien?

A voluntary lien is one that is created with the consent of the property owner. This type of lien typically arises when an owner takes out a loan and pledges their property as collateral. In doing so, they agree to the terms of the lien, which is recorded against the property to secure the lender’s interest.

This aspect of consent is crucial. It distinguishes voluntary liens from involuntary liens, which are imposed by law without the owner's agreement, such as tax liens or judgment liens. Since the property owner voluntarily agrees to the terms of the lien when entering into a financing agreement, option C accurately describes this concept.

Understanding this characteristic of voluntary liens helps clarify their legal implications and the rights and obligations of both the property owner and the lender. By knowing that the lien is based on the owner's consent, one can appreciate the voluntary nature of this financial instrument and its role in property transactions.