Assignment Lien Statement With Text

Category:

Liens - Construction - Mechanics

State:

Multi-State

Control #:

US-02836BG

Format:

Instant download

Description

The Assignment Lien Statement with text serves as a formal document transferring a mechanic's lien from a general contractor (the Assignor) to another party (the Assignee). This document is crucial for asserting a right to payment for services rendered and materials provided on a construction project. Key features include sections for parties' names and addresses, the lien amount, a description of the property, and relevant exhibits detailing the contract and lien notice. Filling instructions emphasize the need to accurately complete all fields, including dates, amounts, and the names of official recording offices. This form is typically used by legal professionals and construction-related parties, such as attorneys, partners, and paralegals, to ensure proper documentation of lien transfers. Its use cases are particularly relevant when a contractor seeks to assign their lien rights due to financial needs or project transitions. The clarity of the Assignment Lien Statement allows users, including those with limited legal experience, to navigate the process effectively.

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How to fill out Assignment Of Lien By General Contractor?

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FAQ

After the lien on a vehicle is paid off, the lienholder has 10 days after receipt of payment to release the lien. If the lien was recorded on a paper title, the lienholder mails the title to you.

Filing a Lien To file a lien on a motor vehicle, you must provide our office with a copy of a chattel mortgage or security agreement, the properly signed and notarized title, sales tax, if applicable, and filing fees.

How To File a Lien Ensure that you submit a properly assigned title or Manufacturers Statement of Origin (MSO/MCO). Make sure the mortgage paperwork and vehicle description agree with the title or MSO. Mail the documents to the county where the buyer resides.

Add a lienholder if you have an original or certified copy of your title Schedule a title transfer appointment with the tax office. Complete the Application for Texas Title (130-U) Provide a valid photo ID. Pay the $33 application fee for a new title.

Assignment allows a party with lien rights to transfer their rights (and rights to any related court lawsuit or arbitration) to a third party.