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                Get Type 1 Form - (ors 87
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How to use or fill out the TYPE 1 FORM - (ORS 87 online
The TYPE 1 FORM - (ORS 87 is essential for documenting progress payments in the construction industry. This guide provides clear instructions on how to accurately complete the form, ensuring that all necessary information is included and that your rights are protected.
Follow the steps to successfully fill out the TYPE 1 FORM - (ORS 87.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Fill in the property name where the work has been performed. It is essential to provide the accurate name to avoid any legal issues later.
- Next, input the property location, ensuring that the address is complete. This helps specify the exact site related to the transaction.
- Enter the name of the customer for whom the undersigned has performed work. This identifies the party responsible for payment.
- Include the invoice or payment application number to reference the specific billing associated with this release.
- State the payment amount clearly. This is the sum that will trigger the waiver of any claims as per the conditions set forth in the form.
- The undersigned must endorse the payment check and verify that it has cleared the bank. Initials or signatures might be required here as well.
- Provide a description of the type of work, materials, and/or equipment furnished. This should directly relate to the payment described earlier.
- Date the form as of when it is completed to ensure the accuracy of the submitted documentation.
- Include the company name of the undersigned and the signature of the authorized individual along with their title. This indicates legal acknowledgment of the terms.
- Finally, provide a contact phone number for the claimant to facilitate any follow-up regarding the release.
- After completing all sections, save your changes, and then download, print, or share the form as needed.
Complete your TYPE 1 FORM - (ORS 87 online to ensure your rights and interests are protected.
A lien created by ORS 87.503 (Lien for long term care) shall not continue in existence for a period of more than 10 years after the date on which the lien was perfected under ORS 87.507 (Perfecting lien). [1995 c. 749 §9; 1997 c. 744 §9] Note: See note under 87.501 (Definitions for ORS 87).
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