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This Request for Release of Lien for use by corporate or LLC Owner against the property for cost of alleged labor and material Connection with job, once payment is satisfied lien is released
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How to fill out mechanics lien release bond

01
Obtain a mechanics lien release bond form from your local courthouse or online.
02
Fill out the bond application with accurate details, including the names of the principal, obligee, and surety.
03
Attach any required documentation, such as the original mechanics lien and proof of payment or settlement.
04
Calculate the bond amount, which is typically 1.5 times the amount of the lien.
05
Submit the completed bond application and documentation to a surety company to obtain the bond.
06
Pay any necessary fees for the bond issuance.
07
Once secured, submit the released bond to the local recording office where the lien was filed.

Who needs mechanics lien release bond?

01
Property owners who have a mechanics lien filed against their property.
02
Contractors or subcontractors seeking to remove a mechanics lien after receiving payment.
03
Lenders and mortgage companies requiring bond for property transactions involving existing liens.

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A mechanics lien release bond is a financial instrument filed to discharge a mechanics lien placed on a property by providing security to the property owner, allowing them to clear the lien while a dispute is resolved.
Typically, the party who has placed the mechanics lien, such as a contractor or subcontractor, is required to file the mechanics lien release bond to remove the lien from the property.
To fill out a mechanics lien release bond, you need to complete a bond form that includes details such as the property description, the lien amount, the name of the lien claimant, and the surety bond amount. Ensure that it is signed and notarized as required by state law.
The purpose of a mechanics lien release bond is to protect property owners from having their property encumbered by a mechanics lien, while also providing assurance to the claimant that they will be paid if the lien is valid.
The mechanics lien release bond must report information such as the names of the lien claimant and property owner, a description of the affected property, the original lien amount, the bond amount, and the terms of the bond.
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