Indiana Certificate of Satisfaction of Mechanic's or Construction Lien

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Multi-State
Control #:
US-01032BG
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Word; 
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Description

A mechanic's (or construction) lien is a claim created by statute to secure priority of payment for labor performed or materials furnished in the making of improvements on real property. A mechanic's lien attaches to the land as well as improvements on the land. Mechanics' liens are purely statutory in origin, and a mechanic's lien may not exist unless it is expressly created by the terms of a statute. This form is a sample of a certificate of a lienholder that the debt secured by the release has been paid and stating that the lien should be marked discharged in the appropriate land records.


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.

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FAQ

About Indiana Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.

The best source of information regarding your state tax liens is the Indiana Department of Revenue at 317-232-2240. The department of revenue can also be contacted online at .in.gov/dor.

An action to enforce an Indiana mechanics lien must be initiated within 1 year of the date the lien was received for recording. However, Indiana's lien enforcement deadline can be shortened to 30 days if the property owner properly sends a 30-day Notice to Foreclose to the lien claimant.

Releasing a Lien The individual lienholder must sign off in the proper lien release section on the certificate of title; The vehicle owner must obtain a lien release letter; or. The vehicle owner must obtain a general Affidavit ? State Form 37964 that is signed by the individual lienholder.

PREPARING THE INDIANA MECHANICS LIEN Every mechanics lien typically must contain the owner's name, a general description of the property and location, the name of the hiring party, the first and last date of work a description of the work performed, and the amount of money owed.

No pre-lien notice required for commercial or industrial liens. Notice of Intention to Hold Mechanic's Lien must be recorded within 60 days of the last date labor, materials, or equipment used on jobsite (90 days for commercial).

House Bill 1021 permits a person to discharge a mechanic's lien by filing an indemnification, payment, or cash bond with the recorder's office of the county in which the real property is located. The bond must be in an amount equal to at least 150% of the lien or $7,500, whichever is greater.

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Indiana Certificate of Satisfaction of Mechanic's or Construction Lien