Lien Owner Forum
Description
How to fill out Notice Of Lien By Owner Of Auto Or Car Repair Garage And Notice Of Sale?
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FAQ
Lien is generally applied for recovery of any charges which are due in the account or in case a temporary credited is posted in your account against Fraud/Dispute raised in the account. All Savings Accounts.
Liens can be put in place by financial institutions, governments, and small businesses.
At times, lenders may put a lien on the property, which effectively prevents the customers from selling the property. In such cases, the lien should be removed after the repayment of the loan. The procedure will require a visit to the Registrar's Office along with an official from the lender's side.
Request a Release-of-Lien Form ? After paying off the balance of your debt in full, the creditor will file a release-of-lien form. This will act as evidence that the debt has been paid and will formally release the lien from your property.
The most straightforward way to remove a lien from your property is to satisfy the debt. Once you have paid it off, you can file a Release of Lien form, which acts as evidence that the debt has been satisfied.