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Idaho Release of Lien by Posting of Surety Bond - Individual

Idaho Surety Bond With/interlock Device

Category:

Liens - Construction - Mechanics

State:

Idaho

Control #:

ID-02-09

Format:

Instant download

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Description

The Idaho surety bond with/interlock device serves as a legal mechanism to release a property from a mechanic's lien by securing a corresponding financial guarantee. This bond is particularly relevant for individuals such as property owners, contractors, or any disputing parties involved in lien claims. It requires the principal and surety to commit to compensating the claimant for any valid claims related to the lien, which includes interest, costs, and attorney's fees. The document necessitates completion of specific details including the name of the owner, legal description of the property, and the amount of the lien. It must be signed by the principal and a representative of the surety corporation, followed by notarization for validation. Attorneys and legal assistants can particularly benefit from this form by utilizing it to facilitate lien disputes efficiently, ensuring compliance with Idaho state regulations. Additionally, partners and owners in real estate can use this bond to protect their financial interests while disputing unjust liens. Proper filling and editing of this form are essential to avoid legal repercussions, making the instructions imperative for successful completion.

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How to fill out Idaho Release Of Lien By Posting Of Surety Bond - Individual?

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FAQ

Idaho. Smart Start will need permission to remove your Ignition Interlock in Idaho. You may submit your original court order with your Ignition Interlock terms or contact your State Authority for removal authorization.

Mandatory, Voluntary or Business In the event that you have been convicted of drinking while driving in the state of Idaho, then you will have to get a breath alcohol ignition interlock to earn back your driving privileges. The interlock device is required, but is also very beneficial to someone convicted.

An interlock may be required for a time not to exceed the time of probation for the offense. If BAC is 0.20 or more, 10 days to 1 year in jail, fines up to $2,000, 1-year license suspension, mandatory interlock device upon license reinstatement, and alcohol evaluation/treatment.

Your court paperwork will have a date showing by when the Ignition Interlock Device is to be installed and the date your Ignition Interlock Device may be removed. Without this authorization, your Ignition Interlock Device may not be removed.

A Full Suspension Many times, a mandatory IID installation accompanies license restriction. If you're driving on a restricted license and violate IID, the state can convert your restricted license to full suspension. That means you will no longer be able to drive in Idaho.

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Release of Lien by Posting of Surety Bond - Individual

Note: This summary is not intended to be an all inclusive discussion of Idaho's construction or mechanic's lien laws, but does include basic provisions.

What is a construction or mechanic's lien?

Every State permits a person who supplies labor or materials for a construction project to claim a lien against the improved property. While some states differ in their definition of improvements and some states limit lien claims to buildings or structures, most permit the filing of a document with the local court that puts parties interested in the property on notice that the party asserting the lien has a claim. States differ widely in the method and time within which a party may act on their lien. Also varying widely are the requirements of written notices between property owners, contractors, subcontractors and laborers, and in some cases lending institutions. As a general rule, these statutes serve to prevent unpleasant surprises by compelling parties who wish to assert their legal rights to put all parties who might be interested in the property on notice of a claim or the possibility of a claim. This by no means constitutes a complete discussion of construction lien law and should not be interpreted as such. Parties seeking to know more about construction laws in their State should always consult their State statutes directly.

Who can file a lien in this State?

Idaho law permits "Every person, ..., performing labor upon, or furnishing materials to be used in the construction, alteration or repair of any mining claim, building, wharf, bridge, ditch, dike, flume, tunnel, fence, machinery, railroad, wagon road, aqueduct to create hydraulic power, or any other structure, or who grades, fills in, levels, surfaces or otherwise improves any land, or who performs labor in any mine or mining claim, and every professional engineer or licensed surveyor under contract who prepares or furnishes designs, plans, plats, maps, specifications, drawings, surveys, estimates of cost, on-site observation or supervision, or who renders any other professional service whatsoever for which he is legally authorized to perform in connection with any land or building development or improvement, or to establish boundaries, to have a lien upon the same for the work or labor done or professional services or materials furnished, whether done or furnished at the instance of the owner of the building or other improvement or his agent; and every contractor, subcontractor, architect, builder or any person having charge of any mining claim, or of the construction, alteration or repair, either in whole or in part, of any building or other improvement, as aforesaid, shall be held to be the agent of the owner for the purpose of this chapter provided, and the lessee or lessees of any mining claim shall not be considered as the agent or agents of the owner..." Idaho Code Â§ 45-501.

How long does a party have to file a lien?

A party seeking to claim a lien must file a claim of lien within ninety (90) days after the completion of the labor or services or furnishing of materials. Idaho Code Â§ 45-507.

What kind of notice is required prior to filing a lien?

Idaho statutes do not require an additional filing or notice other than the lien claim itself.

By what method is a lien filed in this State?

A Claim of Lien must be filed containing a statement of the claimant's demand, the names of relevant parties, and a property description. It must be verified by the oath of the claimant and a copy must be served personally or by certified mail to the property owner. Idaho Code Â§ 45-507.

How long is a lien good for?

A party seeking to assert a lien must begin legal proceedings to enforce the lien within six (6) months after the claim of lien has been filed, or, if "a payment on account is made, or extension of credit given with expiration date thereof, and such payment or credit and expiration date is endorsed on the record of the lien, then six (6) months after the date of such payment or expiration of extension."

Are liens assignable?

Idaho statutes on construction liens do not specifically speak as to whether liens may be assigned to other parties.

Does this State require a notice prior to starting work, or after work has been completed?

No. Idaho statutes do not require a Notice of Commencement or a Notice of Completion as required in some other States.

Does this State permit a person with an interest in property to deny responsibility for improvements?

No. Idaho statutes do not have a provision which permits the denial of responsibility for improvements.

Is a notice attesting to the satisfaction of a lien provided for or required?

No. Idaho statutes do not provide for or require that a lien holder who has been paid produce or file a notice to that effect.

Does this State permit the use of a bond to release a lien?

Yes. Idaho has several provisions for the release of a lien after the proper filing of a bond. However, the filing of a petition and a hearing before a judge in the appropriate court is required before obtaining an order releasing the lien.