Alabama Release of Operator's Lien
Description
How to fill out Release Of Operator's Lien?
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FAQ
Alabama law provides for two types of liens: an ?unpaid balance? and a ?full price? lien. An unpaid balance lien extends only to the amount of any unpaid balance due the contractor by the owner or proprietor. In contrast, a full-price lien allows the furnisher of materials to have a lien for the full price thereof.
The Alabama Release of Lien Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. Alabama law requires that a lien cancellation is filed within 30 days after the lien is satisfied.
Remove a Lien from Your AL Title Complete a lien release online. Gather your current vehicle title. Submit the above to the Motor Vehicle Division by mail at the address listed on the lien release application, or in person at your local office.
Once the lien has arisen, it will continue until the liability for the amount assessed is satisfied, released or becomes unenforceable by reason of lapse of time (i.e. 10 years from the date the lien is filed) (Code Sections 40-1-2, 40-29-20, and 49-29-21).
Once you pay off your loan, your lender will send you an official release of lien letter. Take that letter to your state's Department of Motor Vehicles office (or, in some cases, to your local city or town clerk's office), and they'll issue you a car title in your name.
The Alabama Release of Lien Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. Alabama law requires that a lien cancellation is filed within 30 days after the lien is satisfied.
Search the owner and property through the county recorder's property records to find applicable deeds, open mortgages, mortgage associated documents, judgments, liens, foreclosure cases, as well as any other documents that are relevent to the title.
Lien stripping is a powerful tool. It allows you to remove junior liens on your home (the second or third mortgage, HELOCs and home equity loans) if they are not secured by the value of the value of the home. You can use lien stripping in Chapter 13 bankruptcy in Alabama, as you can in other states.
