Wisconsin Lien Release Form
Definition and meaning
A Wisconsin lien release form is a legal document used to formally affirm that a lien on a property is no longer valid. This form is typically utilized by lienors—those who have a legal claim against a property due to unpaid debts or services rendered—when they receive satisfactory payment or settlement. The completion of this form releases the lien and protects the property owner from claims on the property pertaining to that lien.
How to complete a form
To properly complete the Wisconsin lien release form, follow these steps:
- Enter the date on which the form is completed.
- Provide the lienor's name and address in the specified sections.
- State the final payment amount received.
- Include details about the work done and the property involved, using the full legal description.
- Sign the form as the lien holder, performing any required notary acknowledgments.
Who should use this form
This form should be used by contractors, subcontractors, suppliers, or service providers who have placed a lien on a property due to unpaid services or materials. It is also relevant for property owners seeking to remove claims against their property once debts have been settled. Anyone involved in a transaction where a lien was placed may need to complete this document.
Legal use and context
The legal context of a Wisconsin lien release form comes into play when a lien has been placed on a property. This is often due to disputes over payment for work done or materials supplied. The form serves an essential role in ensuring that once a debt is satisfied, the lien is formally removed, thus allowing for clear title on the property in question.
State-specific requirements
In Wisconsin, specific requirements must be met for a lien release form to be valid:
- The document must be signed by the lien holder.
- It typically requires notarization to authenticate the identity of the signer.
- The form must clearly detail the property involved and the specific lien being released.
Common mistakes to avoid when using this form
When completing the Wisconsin lien release form, it is crucial to avoid these mistakes:
- Failing to provide a complete legal description of the property.
- Not signing the form or having it notarized as required.
- Entering an incorrect payment amount or date.
How to fill out Wisconsin Conditional Waiver And Release Of Claim Of Lien Upon Final Payment?
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FAQ
A "Confirmation of Security Interest (Lien) Perfection" (form T084 or MV2076), which the lending institution should send to you. 200bOr, an original letter (copy or fax to customer is not acceptable) from your lender on their letterhead releasing the lien. The letter must:25e6describe the vehicle by make.
What about electronic titles? On July 30, 2012, when a lien is listed against a vehicle, lien holders are encouraged to receive titles electronically through a service provider. If a lien holder chooses to receive electronic titles, a paper title would not be issued to the lender or owner until the lien is satisfied.
On July 30, 2012, Wisconsin joined other states in becoming a title to lien holder (lender) state. This means that any title with a lien (loan) listed on or after July 30, 2012, will be sent to the lien holder rather than the owner.
Use form 9400-623 if you are primary owner on record and you want to add or remove an owner to the certificate of title or if you want to add a lien (i.e. to request a lien notation). Form 9400-193. Use form 9400-193 if you want to transfer title of the boat and you are removing the primary owner on record. Fee.
