Lien Release Form For Car Title

State:
Mississippi
Control #:
MS-08-09
Format:
Word; 
Rich Text
Instant download

Description

The Lien release form for car title is a legal document that facilitates the release of lien claims against a vehicle once the associated debts are settled. This form is specifically designed for use by mechanics and material suppliers to waive any claims they may have on a property after receiving final payment for their services or materials. It includes essential fields such as the name of the contractor, a description of the materials provided, project details, and the amount received, ensuring clarity in the transaction. Users must sign the form, and a notary public must witness the signing for it to be valid. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form beneficial as it streamlines the process of lien release, emphasizing legal compliance and protecting against future claims. Each user group can leverage the form to settle disputes efficiently, maintain good business relationships, and ensure proper documentation when transferring vehicle ownership. Clear instructions regarding completion and the impact of neglecting to file an affidavit of nonpayment are also included, adding to its utility in legal and transactional settings.
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  • Preview Waiver And Release Of Lien Upon Final Payment Form

How to fill out Mississippi Waiver And Release Of Lien Upon Final Payment Form?

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FAQ

Release details: Provide a statement confirming that the borrower has fully repaid the debt and that the lienholder is relinquishing their legal claim on the property or asset. Include the date when the borrower paid off the debt.

To add or remove a lien on your vehicle title, visit your local county tax office. The title fee is $28 or $33, depending on your county, and must be paid at time of application. Please contact your local county tax office for the exact cost.

If your title shows a lienholder (such as a bank or credit union) on it, your lienholder must give you a notarized lien release showing that you have paid off the loan and are released from the lien.

To remove a lien recorded on a paper title, you will need: the vehicle title. a release of lien letter and/or other notifications from the lienholder(s) currently named on the vehicle title. a completed Application for Texas Title and/or Registration (Form 130-U)

Protect Yourself With a Release of Lien (Lien Waiver) Fortunately, it's a simple process. A Lien Waiver is similar to a receipt. 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.

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Lien Release Form For Car Title