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A lien release is a document that is filed in the public land records as the official notice that the lien is removed. Once payment has been received, a contractor has a duty to remove any lien that was filed against the property.
The main purpose of a lien waiver is to provide protection to the paying party. In exchange for such payment, the lien waiver waives the payee's right to file a lien for the exact value of the payment they have received.
In California, only the lien holder the mortgage lender can remove the lien. California law is fairly strict, however, as it give the lender just 30 days to issue and record the appropriate release.
Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred. If you don't receive the lien release, submit a request to your lender for proof that the loan has been satisfied.
The car (vehicle) lien release form is a document that is used by a lending institution or entity after a borrower has paid the loan in full and the borrower would like to retrieve the title to their vehicle.
Depending on state laws, paper titles are generally mailed and electronic titles and/or liens are released to the motor vehicle agency approximately 10 business days after the payoff is received. Allow 15-30 days for receipt of your title based on mail time and/or motor vehicle agency process.
About the release form This form should be filed with the recorder's office in the Texas county where the lien was originally recorded. Texas law requires claimants to file a lien release within 10 days after the lien is satisfied, or upon request from the property owner.
In California, only the lien holder the mortgage lender can remove the lien. California law is fairly strict, however, as it give the lender just 30 days to issue and record the appropriate release.
Pay off your debt. Fill out a release-of-lien form and have the lien holder sign it. Run out the statute of limitations. Get a court order. Make a claim with your title insurance company. Learn more: