Oklahoma Waiver of Lien Claim by Contractor
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How to fill out Waiver Of Lien Claim By Contractor?
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FAQ
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 ...
No. There is no statutory requirement in Oklahoma that a lien waiver be notarized.
The advantage of holding a lien, however, is that it gives the lien holder the right to foreclose on the lien and force a sale of the property, with the lien holder having a priority claim (as against all liens created after the start of the work) to the proceeds from the sale of the property.
To release a lien, the lien holder must sign and date two (2) release of lien forms. Mail one (1), signed and dated, copy of a lien release to the Oklahoma Tax Commission, P.O. Box 269061 Oklahoma City, Ok 73126, and one (1), signed and dated, copy of the lien release to the debtor.
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.
My Property Has a Lien ? Now What? Pay Off the Lien ? Once you determine that the lien is valid, the simplest method for removing it is to pay it off. ... Request a Release-of-Lien Form ? After paying off the balance of your debt in full, the creditor will file a release-of-lien form.
The Oklahoma mechanic's lien discharge bond must, "name the lien claimant as obligee and the party seeking the release as principal; be executed by both the principal and the surety; have a proper power of attorney attached if executed by an attorney-in-fact; be executed by a corporate surety authorized to transact ...
The Oklahoma Mechanics Lien Release Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. However, they may also be released based on settlements, legal controversies, because they expired, or more.
