Oklahoma Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien

State:
Multi-State
Control #:
US-01052BG
Format:
Word; 
Rich Text
Instant download

Description

Different liens on the same property usually have priorities according to the time of their creation. To achieve the subordination of a prior lien, there must be an actual agreement to that effect.


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

TITLE 42 PROCESS: Our fee for this process is $210.00 with one person on record. There will be an extra charge for the NCIC report making sure that the property is not reported stolen. COURT ORDERED TITLE PROCESS: Our fee for this process is $375.00.

Any person claiming a lien as aforesaid shall file in the office of the county clerk of the county in which the land is situated a statement setting forth the amount claimed and the items thereof as nearly as practicable, the names of the owner, the contractor, the claimant, and a legal description of the property ...

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.

As of July 1, 2022 Oklahoma is a title holding state. Once the Oklahoma title is issued, the title will be held by the lienholder if there is an active lien. If the title does not have a lien, it will be mailed to you.

Any person who renders service to the owner of an article of personal property by furnishing storage, rental space, material, labor, or skill for the protection, improvement, safekeeping, towing, right to occupy space, storage, or carriage thereof shall have a special lien on such property pursuant to this section if ...

Answer: A Title 42 is a process that is done in order to retrieve a title to any vehicle (any vehicle that is required to have a title, by law in Oklahoma) such as a car, truck, motorcycle, scooter, boat/boat motor, van, RV, trailer, semi, mobile home, ATV, UTV, snowmobile, manufactured home, etc.

42 will complete all required information that must be filed to obtain a registration and title. This process is used for abandoned property on your land or as a mechanics lien for business owners with signed work orders and the owner fails to return without payment for your services.

Form 752-D Notice of Possessory Lien is a notification to all interested parties of a possessory lien. It must be completed in its entirety and distributed as outlined below. Interested parties are outlined in Title 42 Section 91(A)(8) of the Oklahoma Statutes. Refer to Section I - Part 2 of this information packet.

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Oklahoma Agreement to Subordinate Lien Between Lienholder and Lender Extending Credit to Owner of Property Subject to Lien