General Lien For Banker

• Category: Liens - Construction - Mechanics
• State: Multi-State
• Control #: US-02836BG
• Format: Word; Rich Text

Description

The General Lien for Banker is designed to facilitate the assignment of a mechanic's lien from a general contractor to an assignee. This form outlines the necessary parties involved, including the Assignor (general contractor) and the Assignee, as well as the property owner. Key features include provisions for detailing the lien amount, the affected property, and the obligations of all parties. Users must fill in specific information, such as names, addresses, dates, and the amounts owed, to customize the document according to their situation. The form instructs that various exhibits should be attached, including the original contract and a verified Notice of Lien. This document grants the assignee the authority to collect on the lien, effectively transferring rights from the Assignor. It is intended for use by attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law or debt collection processes. The clarity and structure of the form ensure it is accessible, even to those without extensive legal experience, making it a valuable resource in real estate and construction disputes.