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District of Columbia Notice of Satisfaction by Corporation
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DescriptionUnder District of Columbia Statute §38-117, a corporation who holds a lien must file a Notice of Satisfaction at the demand of the party satisfying the lien. Faliure to release a lien after such a demand results in a statutory penalty of $50.00 and all damages that the party making the demand may have suffered as a result of the failure to file. | |||||||||||||||||
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For More Information Read the District of Columbia Construction Lien Law Law Summary.  | |||||||||||||||||
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