Lien Release Form South Carolina With Lien

State:
South Carolina
Control #:
SC-11-09
Format:
Word; 
Rich Text
Instant download

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Description

The Lien Release Form South Carolina with Lien serves as an essential legal document that formalizes the release of a lien on property upon the receipt of final payment. This form is crucial for lienors, as it certifies that they relinquish all rights to claim a lien for services, materials, or labor provided, ensuring clarity in property ownership and financial transactions. Users are instructed to fill in key details, including dates, payment amounts, and property descriptions, making it straightforward to understand for individuals with varying legal knowledge. Notably, the form also requires notarization for validity, emphasizing the importance of proper execution. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or construction projects. By using this form, legal professionals can help prevent disputes and ensure compliance with state laws. The uncomplicated language and structure encourage effective use while reinforcing the collaborative nature of legal processes. Overall, the Lien Release Form is a vital tool for safeguarding both financial interests and property rights in South Carolina.
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  • Preview Unconditional Waiver and Release of Claim of Lien Upon Final Payment
  • Preview Unconditional Waiver and Release of Claim of Lien Upon Final Payment

How to fill out South Carolina Unconditional Waiver And Release Of Claim Of Lien Upon Final Payment?

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FAQ

DMV TITLE APPLICATION FORM 400 The South Carolina DMV Form 400 is commonly used by dealers when selling a vehicle and placing a lien in their business name or another finance company's name.

Ing to the mechanics lien law, after your notices are served timely the lien must be filed in the county recorder's office in the county where the property is located. The lien may either be served by certified mail, return receipt requested, or personally served on each of the parties.

South Carolina requires payment to be made first, and that the lien waiver should be in writing. Both conditional and unconditional lien waivers are allowed, as long as the payment associated with the waiver has been met. South Carolina has no requirement that a written lien waiver must be notarized.

With South Carolina ELT and its connection with the South Carolina DMV, finance companies that receive a vehicle payoff will be able to release the lien on the vehicle through the SC ELT system. Upon lien release, titles will stay in electronic form, but can be printed if you choose.

First assignment completed on title: buyer's name and address, lienholder information (if applicable), odometer reading, sales price, date of sale, seller's signature, buyer's signature. If assignment on title does not have section for sales price, a bill of sale must accompany paperwork.

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Lien Release Form South Carolina With Lien