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Prepared by, recording requested by and return to: Name: Company: Address: Phone: Fax: Above this Line for Official Use Only RELEASE OF LIEN STATEMENT The Claimant: Date lien filed: / /20 ML No: Book:
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What is release of lien statement?
A release of lien statement is a legal document that declares that a previously filed lien on a property or asset has been fully satisfied and released.
Who is required to file release of lien statement?
The party who placed the lien, such as a creditor or contractor, is typically required to file the release of lien statement once the lien has been paid off or discharged.
How to fill out release of lien statement?
To fill out a release of lien statement, you usually need to provide information such as the names of the parties involved, the description of the property or asset, the amount of the lien, and the date it was placed.
What is the purpose of release of lien statement?
The purpose of a release of lien statement is to formally acknowledge the payment and satisfaction of a previously filed lien, ensuring that the property or asset is no longer encumbered by the lien.
What information must be reported on release of lien statement?
The release of lien statement typically requires reporting information such as the names and addresses of the parties involved, a clear description of the property or asset, the amount of the lien being released, and the date of the lien.
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