Oklahoma Certificate of Satisfaction of Mechanic's or Construction Lien

State:
Multi-State
Control #:
US-01032BG
Format:
Word; 
Rich Text
Instant download

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

The lien statement must be filed timely with the appropriate county clerk and must contain the following elements: The amount claimed and a description of the labor/materials provided. The name of the property owner. The name of the lien claimant and the name of the Original Contractor (if different from the claimant)

An action to enforce an Oklahoma mechanics lien must be initiated within 1 year of the date on which the lien was recorded. However, at least 90 days must have passed from the date on which the lien was recorded prior to initiating the enforcement action.

A property owner can neutralize the Mechanics and Materialmen's Lien by depositing with the county clerk either an amount of money equal to 125% of the lien amount, or a surety bond (called a lien release bond) in an amount equal to 125% of the lien amount.

The Preliminary Notice These notices allow you to track who has a potential claim against your property. Subcontractors and suppliers must provide you with this notice in order to maintain their right to file a lien. If they don't provide you with the notice, they lose the right to file a lien.

A mortgage given for the price of real property, at the time of its conveyance, has priority over all other liens created against the purchaser, subject to the operation of the recording laws. Historical Data: R.L. 1910, § 3837.

Ing to case law, a lien can be perfected by EITHER giving notice OR filing a lawsuit within 4 months of claimant's last work or delivery.

How long does a judgment lien last in Oklahoma? A judgment lien in Oklahoma will remain attached to the debtor's property (even if the property changes hands) for five years.

Any person claiming a lien as aforesaid shall file in the office of the county clerk of the county in which the land or property is situated, a statement setting forth the amount claimed and the items thereof, as nearly as practicable, the names of the managers, lessees, sublessees, operators, mortgagees, trustees and ...

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Oklahoma Certificate of Satisfaction of Mechanic's or Construction Lien