Lien Payoff Letter Template With Sample In Kings
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FAQ
A payoff request allows a third party to receive the current balance due to release a lien or facilitate a business transfer (bulk sale transfer or liquor license). To release a lien or facilitate a bulk sale transfer, businesses must be in good standing to receive a payoff request.
How do I request a payoff letter? To get a payoff letter, ask your lender for an official payoff statement. Call or write to customer service or make the request online. While logged into your account, look for options to request or calculate a payoff amount, and provide details such as your desired payoff date.
Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)
A lien must be recorded by the county auditor's office where the project itself took place; if the project spanned across county lines, the lien must be filed in all associated county auditors' offices.
To sum up, you must file a Washington mechanic's lien within 90 days from the date you last delivered labor or materials.
