Arkansas Release of Operator's Lien

State:
Multi-State
Control #:
US-OG-399
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Operator deems all obligations due Operator by Nonoperator, and secured by a Lien, is paid in full and completely satisfied.

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FAQ

A lien release is a document that is filed in the public land records as the official notice that the lien is removed. Once payment has been received, a contractor has a duty to remove any lien that was filed against the property.

§ 16-65-501. A judgment and any lien created by an execution on the judgment expires ten years after the date of the entry of the judgment.

In Arkansas, the county clerks have a web-based system where they charge a fee for the title search. You also have the option of going to the County Clerk's Office and doing a manual search of the property.

The Arkansas Title, Registration and Lien Record Search is an online service provided by the Arkansas Department of Finance and Administration (DFA) that allows individuals or businesses to search for vehicle and vessel registration information, title information, and lien information.

Arkansas residents can apply at any state revenue office. Please allow a minimum of three weeks processing time to receive your title. Please allow a minimum of three weeks processing time to receive your title.

The Arkansas Title, Registration and Lien Record Search is an online service provided by the Arkansas Department of Finance and Administration (DFA) that allows individuals or businesses to search for vehicle and vessel registration information, title information, and lien information.

An Arkansas Statement of Account and Claim of Lien must be filed with the circuit clerk of the county in which the property is located within 120 days of a claimant's last date or furnishing labor and/or materials to the project. Missing this deadline is fatal to a claimant's lien rights.

A lien is a claim on property to ensure payment of a debt. When you borrow money to purchase a car, the lender files a lien on the vehicle with the state to insure that if the loan defaults, the lender can take the car. When the debt is fully repaid, a release of the lien is provided by the lender.

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Arkansas Release of Operator's Lien