The maximum period for the lien redemption plan installments is up to how many years?

• A. 2 years
• B. 3 years
• C. 4 years
• D. 5 years

Answer: (B)

When a tax lien is in place, you can redeem it by paying the redemption amount in installments. The allowed timeframe for those installments is capped at three years. This three-year limit provides a clear, finite window to complete redemption while ensuring the government recovers the owed amount in a reasonable period. Since the plan cannot extend beyond three years, options that would stretch the payment period longer aren’t permitted under this specific redemption arrangement.