Exam term Lien theory The view that a borrower keeps title to mortgaged property while the lender holds only a lien. Lessons that use this term Lien and title theory, promissory notes, and mortgages FloridaThe mortgage and note, the mortgagor's duties, selling mortgaged property, and recording New YorkMortgages and deeds of trust: lien and title theory, loan types, and mortgage clauses Texas