Indiana Partial Discharge of Lien - Corporation or LLC

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Control #:
IN-09a-09
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What this document covers

The Partial Discharge of Lien form is designed for corporate or LLC lienholders to acknowledge receipt of payment for specific labor performed or materials furnished related to property improvements. This form serves to discharge only a portion of a mechanic's lien, clarifying the extent of the lien claimant's rights concerning the property based on the provided work or materials. It differs from a full lien discharge by indicating that only part of the lien is addressed.


Key components of this form

  • Identification of the parties involved, including the lienholder and the payer.
  • Details of the payment amount and description of the labor or materials provided.
  • Specific property information where improvements were made, including the legal description.
  • A declaration of the portion of the mechanic's lien being discharged.
  • Signature and date fields for both parties and a notary public.
  • An affirmation statement regarding redaction of social security numbers.
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When to use this document

This form is used when a lienholder, such as a corporation or LLC, has received part payment for work completed or materials supplied for property improvements. It is crucial in situations where a partial payment has been made, and the lienholder wants to formally acknowledge this while keeping the remaining lien intact for any unpaid amounts.

Who should use this form

  • Lienholders such as corporations or LLCs that have filed a mechanic's lien against a property.
  • Contractors or suppliers who have completed labor or provided materials for property improvements.
  • Property owners who have made partial payments and need to document the discharge of a portion of a lien.

Steps to complete this form

  • Identify the parties involved, including the lienholder and the entity making the payment.
  • Enter the date of acknowledgment and the amount received as payment.
  • Describe the specific labor and/or materials that were contributed to the property improvements.
  • Specify the property address and include the legal description.
  • Sign the form, and ensure the notary public additional fields are completed for authentication.
  • Affirm and ensure any social security numbers are redacted as required.

Does this document require notarization?

Yes, this form must be notarized to be legally valid. It requires the signature of a notary public as part of the execution process. US Legal Forms provides integrated online notarization, allowing users to complete this process through a secure video call conveniently.

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Mistakes to watch out for

  • Failing to provide a clear description of the labor performed or materials furnished.
  • Not entering the legal description of the property accurately.
  • Inadequate signatures or neglecting the notary section.
  • Leaving out the affirmation statement regarding social security numbers.

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  • Editable templates allow users to tailor the information to their specific needs.
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  • Secure information management without the need for physical document handling.

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FAQ

To remove a lien from your property, you must complete the payment obligations outlined in your lien agreement. Once fulfilled, request a lien release from the lienholder and file it with your local county recorder's office. This ensures the public records are updated to reflect that the lien has been discharged. Utilizing professionals in the arena of Indiana Partial Discharge of Lien - Corporation or LLC can assist you in this task.

Write your name and return address in the top three lines of the letter. Insert the complete date (month, day, year). Enter the recipient's name, title, company name and address on the next five lines. Greet the reader by writing "Dear (recipient's name):" Skip two lines. State the subject in a subject line.

The individual lienholder must sign off in the proper lien release section on the certificate of title; The vehicle owner must obtain a lien release letter; or. The vehicle owner must obtain a general Affidavit State Form 37964 that is signed by the individual lienholder.

You may use our online services or search records at the Marion County Recorder's Office to see if there is a lien on your property. If a lien is filed against your property, contact the lienholder for more information. Generally, the lienholder is the only party able to release the lien.

Indiana's Mechanic's Lien Statute generally requires a claimant to record its mechanic's lien within 60 days for work on residential projects or work upon improvements related to a residential project, or 90 days for commercial and industrial projects, after performing labor or furnishing materials. Ind.

Indiana claimants must record their mechanics lien with the recorder's office in the county where the property is located. Claimants must provide at least two copies of the Indiana mechanics lien form.

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Indiana Partial Discharge of Lien - Corporation or LLC