The right to execute and deliver a stop notice or a notice to withhold funds is a remedy closely related to a mechanic's lien. When a stop notice or a notice to withhold funds is received by an individual or a firm holding the construction funds for a project, the individual or firm must withhold from its disbursements sufficient money to satisfy the stop notice claim. In this form, the claimant is informing the appropriate court clerk that he has settled the claim and is authorizing the court clerk to discharge of record the Stop Notice.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Alabama Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document used in the state of Alabama to release or satisfy a stop notice claim or notice to withhold funds. This document acts as proof that the stop notice claim or notice to withhold funds has been resolved or paid off, allowing the party who filed the claim to release any liens against the project or property. Keywords: Alabama, Certificate of Satisfaction, Stop Notice Claim, Notice to Withhold Funds, legal document, release, liens, resolved, paid off, project, property There are different types of Alabama Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds, each serving a specific purpose: 1. Alabama Certificate of Satisfaction of Stop Notice Claim: This document is used when a stop notice claim is resolved or paid in full. It is typically filed by the party who filed the stop notice claim after receiving payment or reaching an agreement with the property owner or contractor. 2. Alabama Certificate of Satisfaction of Notice to Withhold Funds: This certificate is used to release a notice to withhold funds that was previously placed on a project or property. It signifies that the claimant has been paid the amount owed, allowing them to release the notice and remove any liens against the property. Both types of certificates serve to protect the interests of those who have filed stop notice claims or notices to withhold funds and ensure that the appropriate parties are satisfied. It is important to consult with a legal professional or attorney to ensure that the Alabama Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is drafted and filed correctly, as the requirements and procedures may vary depending on the specific circumstances of the claim or notice.
