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Lock Data on Form STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION RELEASE OF STOP NOTICE DSB-0005 (REV. 01/2012) TO: DIRECTOR, DEPARTMENT OF TRANSPORTATION c/o Division of Accounting P. O. Box 168043,
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What is release of stop notice?
A release of stop notice is a legal document that is used to release a stop notice that has been previously filed on a construction project. It is a statement that the claimant no longer has any claim against the property owner or the construction funds and agrees to release any liens or claims for non-payment.
Who is required to file release of stop notice?
The party who originally filed the stop notice is the one who is required to file the release of stop notice. This is typically the subcontractor or supplier who issued the stop notice to halt construction due to non-payment.
How to fill out release of stop notice?
To fill out a release of stop notice, the claimant should include their name, the name of the property owner, the construction project's address, the date of the original stop notice, and a statement indicating that the claimant is releasing all liens and claims against the property owner and construction funds. The completed document should be signed and notarized.
What is the purpose of release of stop notice?
The purpose of a release of stop notice is to formally cancel the stop notice filed by a claimant. It releases any liens or claims on the property owner and construction funds, allowing the project to resume and ensuring that the claimant cannot pursue legal action for non-payment.
What information must be reported on release of stop notice?
The release of stop notice should include the claimant's name, the property owner's name, the construction project's address, the date of the original stop notice, and a statement releasing all liens and claims against the property owner and construction funds.
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