Oregon Release Of Lien Form For Contractor
Description
How to fill out Oregon Release Of Lien Form For Contractor?
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FAQ
No, Oregon does not provide or require statutory forms for lien waivers.
Once your loan is paid off, the security interest holder should release their interest on the title and provide it to you. You need to apply for a new title to remove the security interest holder within 30 days. Application for Title and Registration. The appropriate title fee - Use our online fee calculator!
Under Oregon law, a contractor or subcontractor must file a construction lien within 75 days after the person has ceased to provide labor, rent equipment or furnish materials or 75 days after completion of construction, whichever is earlier. ORS 87.035(1).
The document you must file to release a mechanic's lien in Oregon is known as a satisfaction of lien form. Once you have received payment from the customer, you must complete and file an Oregon satisfaction of lien form to release a mechanic's lien in Oregon (also known as a construction lien).
Oregon is unique in that its statutes specifically allow a party to require notarized lien waivers. If a GC is requiring notarized lien waivers in Oregon, and that process is slowing down payment, it is their right to make that request.
