Nc Lien Release Template

The lien is the conditional rights a borrower has on a property until the debt is completely paid off.
Nc lien release template. This is best understood in terms of security or collateral. Nc form subcontractor unconditional waiver and release upon final payment state of north carolina county of the undersigned mechanic andor materialman has been employed by benning construction company to furnish for the construction of describe materials andor labor. Understanding the lien release form. Learn how documents such as pay applications notices contracts lien waivers mechanics liens and more fit into north carolina s construction payment process.
The template supplied here may be edited to suit a variety of purposes. Other north carolina statutes of interest to non public schools. Doc 315 kb. A lien can effect the sale or lease of real estate as a title company will most likely request that the payment be secured before any transaction.
Once the loan is fully paid off you can obtain a lien release from the north carolina division of motor vehicles dmv and will officially own your car. If youre still making payments on your auto loan you probably have a lien on your car title. A lien release must be issued by a seller or lender of money who recorded a lien or security interest in goods upon full and final payment of the goods. Martin luther king jr.
The undersigned further hereby acknowledges that the sum of dollars constitutes the entire. Home the process how tos resources contact login north carolina lien agent system for construction projects commenced on or after april 1 2013 learn more. The lien release form is issued after the whole debt is paid. Contractors affidavit of release of liens.
Select a document to learn more about how it applies to construction projects in north carolina and to see your specific requirements. North carolina division of non public education online index. There are versions of the lien release in terms of further obligations. A lien release allows an entity or individual that owns property to waive any debt that was owed on their behalf and was attached to their property.
Contractors affidavit of release of liens. The official north carolina lien agent system website that facilitates chapter 44 a article 2 of the nc general statutes. North carolina title services offers customers the most comprehensive and accurate real estate and title insurance related services in western north carolina.