Pennsylvania Release of Operator's Lien

State:
Multi-State
Control #:
US-OG-399
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Operator deems all obligations due Operator by Nonoperator, and secured by a Lien, is paid in full and completely satisfied.

How to fill out Release Of Operator's Lien?

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FAQ

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Under the ELT Program, the lienholder is required to immediately perform an electronic transaction to release the lien when a loan is paid off. When the electronic release is done by the lienholder, PennDOT automatically prints and mails a paper title to the owner the next business day.

About Pennsylvania Final Unconditional Lien Waiver Form This pa final unconditional waiver (also called a final unconditional lien release) should be used when the final payment for a project has been made and received by the party that furnished labor or materials.

Yes, however, there are exceptions. A direct contractor is allowed to waive lien rights prior to furnishing work own residential projects when the residence is not more than 3 stories tall.

(a) Residential Property. A contractor or subcontractor may waive his right to file a claim against residential property by a written instrument signed by him or by any conduct which operates equitably to estop such contractor from filing a claim.

Lien Claim?All claimants must file a Lien Claim in the prothonotary's (court clerk's) office within six months of last work and serve notice of the lien claim on owner within one month after that. An affidavit of service then must be filed with the court within 20 days after service of the written notice on the owner.

A lien waiver must be given in consideration for payment for work provided. Both conditional and unconditional lien waivers are allowed, as long as the waiver is in exchange for payment. Pennsylvania has no requirement that a lien waiver must be notarized.

If the lien has been satisfied, the lienholder must electronically release the lien. This will produce a clear title to the owner. If the lien has not been satisfied, the lienholder may use Form MV-38L to record a lien after a lien expires along with the required fees. Form MV-38L cannot be used to renew the lien.

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Pennsylvania Release of Operator's Lien