release of lien


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release of lien

A recordable document showing that a lender,judgment creditor,the IRS,or other secured creditor no longer claims a lien upon real property.

References in periodicals archive ?
9) You might ask, "Is it prudent for me to obtain a release of lien and lien rights (only) from a contractor or other lienor that I am paying when that lienor has other rights to payment (e.
Thus, if a contractor gives an owner a waiver and release of lien upon final payment dated June 15, but does more billable work as of June 18, then the lien rights for the work done after June 15 are not waived.
A Notice of Release of Lien and Substitution of Alternate Security must include a surety bond or evidence of a cash deposit.
It is significant to note that pursuant to the amended statute, "a person may not require a lienor to furnish a waiver or release of lien that is different from the forms in subsection (4) or subsection (5) (of section 713.