This Notice of Release of Lien and Substitution of Alternate Security form is for use by a corporate owner of an interest in real property that is subject to a recorded mechanics' lien or original contractor or subcontractor affected by the lien, to provide notice that it disputes the correctness or validity of the recorded lien relating to property and that upon the recording of the notice, the real property shall be released from the mechanics' lien to which the notice applies. The notice is effective as to any amendment to the lien being released if the attached bond amount remains enough to satisfy the requirements of Utah Code Ann. §38-1-28(2)(c)(ii). If a suit is pending to foreclose the lien at the time the notice is served upon the lien claimant under Utah Code Ann. §38-1-28(4)(a), the lien claimant shall, within 90 days from the receipt of the notice, institute proceedings to add the alternate security as a party to the lien foreclosure suit.
Utah Notice of Release of Lien and Substitution of Alternate Security - Corporation
Description Release Lien Form Blank
How to fill out Utah Release 13?
Searching for a Utah Notice of Release of Lien and Substitution of Alternate Security - Corporation or LLC on the internet might be stressful. All too often, you find papers that you just believe are ok to use, but discover later on they’re not. US Legal Forms offers more than 85,000 state-specific legal and tax forms drafted by professional legal professionals according to state requirements. Get any document you are looking for in minutes, hassle-free.
If you already have the US Legal Forms subscription, just log in and download the sample. It’ll automatically be included to your My Forms section. In case you don’t have an account, you have to sign up and choose a subscription plan first.
Follow the step-by-step guidelines below to download Utah Notice of Release of Lien and Substitution of Alternate Security - Corporation or LLC from our website:
- Read the form description and press Preview (if available) to check if the form suits your requirements or not.
- In case the document is not what you need, get others using the Search engine or the provided recommendations.
- If it is right, just click Buy Now.
- Choose a subscription plan and create an account.
- Pay with a card or PayPal and download the document in a preferable format.
- After getting it, you may fill it out, sign and print it.
Obtain access to 85,000 legal templates straight from our US Legal Forms catalogue. Besides professionally drafted templates, users are also supported with step-by-step guidelines concerning how to find, download, and complete templates.
Ut Lien B Form popularity
Security 3b Form Other Form Names
Utah Release Lien Form FAQ
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.
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.
Lien release/cancellations must be recorded, and not just emailed or faxed between parties. Lien waivers, on the other hand, are just exchanged between the parties. For lien waivers, electronic signatures are perfectly acceptable.
It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property. Simply present this form to the subcontractor with your payment and ask them to sign it. Make sure you get their signature!
A Lien Release (also considered a Lien Cancellation or Release of Lien) is a legally binding document that is sent by the current lien holder, the individual who has leased the property or provided payment to secure the property, that informs any debt in relation to that property has been fulfilled and they relinquish
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.
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 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.