North Carolina Release of Lien

State:
Multi-State
Control #:
US-OG-542
Format:
Word; 
Rich Text
Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder.

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FAQ

With North Carolina ELT and its connection with the North Carolina DMV, finance companies that receive a vehicle payoff will be able to release the lien on the vehicle through the ELT system. Upon lien release, titles will automatically be printed and mailed.

North Carolina does not require mechanics lien waivers to be notarized in order to be effective.

As a result, pursuant to North Carolina law, any owner who contracts for work of at least $30,000, must designate a lien agent to receive notice from potential lien claimants.

In North Carolina, a lien claimant has 120 days from the date of last furnishing to complete these 3 steps: Fill out a mechanics lien form that meets NC requirements. ... File the lien with the county recorder's office. ... Serve a copy of the lien on the property owner.

North Carolina lien waivers do not need to be notarized to be effective.

My Property Has a Lien ? Now What? Pay Off the Lien ? Once you determine that the lien is valid, the simplest method for removing it is to pay it off. ... Request a Release-of-Lien Form ? After paying off the balance of your debt in full, the creditor will file a release-of-lien form.

In North Carolina, a lien claimant has 120 days from the date of last furnishing to complete these 3 steps: Fill out a mechanics lien form that meets NC requirements. ... File the lien with the county recorder's office. ... Serve a copy of the lien on the property owner.

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North Carolina Release of Lien