Arkansas Release of Lien for Property
Description
How to fill out Release Of Lien For Property?
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FAQ
(a) The lien provided for in this subchapter shall take precedence over, and be superior to, any mortgage or other obligation attaching against the property in all cases in which the holder of the mortgage or other obligation shall permit the property to remain in the possession of and be used by the person owing and ...
Filing deadlines: A lien must be filed within 120 days after the last day that labor or materials were furnished to the property. Notice requirements: A notice of the lien must be sent to the property owner within ten days of filing the lien.
In Arkansas, all mechanics liens must be filed within 120 days after last furnishing labor or materials. In Arkansas, an action to enforce a mechanics lien must be initiated within 15 months after the lien was filed.
Removing a Lien from Your Arkansas Title Your lienholder will likely send you a completed Official Release of Lien (Form 10-315). To apply for a lien-free title in Arkansas, visit your local AR State Revenue Office and: Bring the lien release form provided by the lienholder.
For Residential projects, ARKANSAS Code Annotated §18-44-115 mandates that a Preliminary Notice To Owner (Residential) must be served to the Owner of a residential property being improved before labor or materials are provided for the improvement of the property. Delivery should be made in person or by Certified Mail.
The Notice of Intent to Lien is essentially a 10-day notice to the property owner before you record a mechanics lien. Filing a mechanics lien in Arkansas must be done within 120 days of your last day of work, so you have to make sure that you serve the 10-day notice before this 120-day period elapses.
A judgment lien on the debtor's property is typically created automatically in the Arkansas county where the judgment is recorded; otherwise, the creditor must record the judgment with the clerk of the circuit court in the Arkansas county where the debtor's property is located.
