The Priority of Federal Tax Liens: A Commercial Lender’s Perspective

June 1, 2017ABF Journal

Because of the supremacy of federal law, many bankers and other professionals assume that federal tax liens would take priority over state law liens, regardless of when the latter arose or were perfected. In fact, federal law generally preserves the priorities embodied in state law and actually provides certain super-priorities in favor of state law liens. In their ABJ Journal article, Herrick lawyers Stephen Brodie and Tzvi Weisz examine the related interplay between security interests under the UCC, and federal tax liens.