It's just gotten out of adjustment. The main cause for this is people pushing too hard on the lever itself. When anyone uses my tractor they think since it is a parking brake you have to jam it down really hard. "Push hard on the pedals, light on the lever" is what I tell people. As for fixing your problem, either a cotter pin fell out of the end of the linkage, or the pawl mechanism got pushed off center (from being pushed to hard.) Take a look under the tractor when operating the lever and you'll quickly find the problem as it is a very basic system. My guess is you'll have it fixed in a couple minutes without any cost.