Tennessee Property Lien Release Form

Category:

Liens - Releases and Waivers

State:

Tennessee

Control #:

TN-02346

Format:

Instant download

Description

The Tennessee property lien release form is a legal document used to officially acknowledge the satisfaction of a lien secured by a specific instrument. This form is essential for property owners, lenders, and attorneys as it allows the lienholder to confirm that the debt has been settled, thereby releasing the lien from the property. Key features of the form include the declaration of the lienholder's status, the specification of the claim being discharged, and the date of release. Users are instructed to fill in their names and details regarding the claim in the designated spaces, ensuring that all information is accurate and complete. It is advisable for individuals to retain a copy of the completed form for their records. The form serves various purposes, particularly for those involved in real estate transactions, including attorneys, partners, owners, associates, paralegals, and legal assistants, by simplifying the lien release process and ensuring compliance with Tennessee state laws. Filling out this form correctly can aid in avoiding potential legal disputes related to property claims.

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How to fill out Tennessee Marginal Release Of Lien?

How to locate professional legal documents that adhere to your state's regulations and complete the Tennessee Property Lien Release Form without consulting an attorney.

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FAQ

There are only nine title-holding states: Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, Oklahoma, Wisconsin. In the other 41 states, titles are issued to the lien holder of your vehicle until the loan is fully paid off.

No. Tennessee statute requires that a lien waiver must be expressly agreed to in writing, but the waiver does not need to be notarized.

Here are the steps for completing the Multi-purpose, Noting of Lien, and Duplicate Title Application.Send the completed form.Include all necessary support documentation.Include all fees.Lien notation fee: $11 per lien.County clerk fee: $5.50.State title fee: $5.50.Additional county fees may also apply.More items...?

In Tennessee, the title is given to the owner, or if applicable, the first lienholder. When a lien is satisfied, the lienholder is required to sign the release on the title, forward title to the owner and notify the Division within seventy-two (72) hours of the release.

A Conditional Contractors Lien Release Form is a legal document basically stating that arrangements have been made to pay the lien by issuing a payment to the lien holder. The lien against the property shall be released only upon the condition that the payment clears the lending or banking institution.