Tennessee Partial Release of Lien on Leasehold Interest in Part of Lands Subject to Lease

State:
Multi-State
Control #:
US-OG-407
Format:
Word; 
Rich Text
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Description

This form of release is used when Lienholder releases, relinquishes, and surrenders to Mortgagor/Grantor's Assignee all of Lienholder's rights, claims, and liens granted in the Mortgage/Deed of Trust insofar.

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FAQ

You can check the status of your car title TN by contacting the DMV Tennessee or the Tennessee Department of Revenue. A representative will then conduct a Tennessee title search with the car's VIN to check its status and provide you information on if any more actions need to be taken to complete the process.

File A Lien Parties without a direct contract with the property owner must initiate an action to enforce their lien within 90 days of the lien's filing. However, either period may be shortened to 60 days from receipt of a demand from the property owner for enforcement of the lien.

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

Can you tell me if there are any liens/mortgages/encumbrances on a piece of property? This is one service that is not provided by our office. To determine the requested information, you must perform a title search, which is usually done by an attorney or title company.

10-Year Lifespan for Tennessee Judgments If the judgment remains unsatisfied at the end of that period, it will expire ? unless the judgment creditor moves to extend the lifespan of their judgment for another ten years.

In Tennessee, the title is given to the owner, or if applicable, the first lienholder. When a lien is satisfied, the lienholder is required to sign the release on the title, forward title to the owner and notify the Division within seventy-two (72) hours of the release.

REQUIREMENTS: Please note all lien discharges should be sent to the State of Tennessee Vehicle Services Division. Submit to the VS Division a lien release on letterhead containing the correct and complete VIN with a signature and date of discharge. The lienholder must match VS Division records.

Money judgments automatically expire (run out) after 10 years. To prevent this from happening, you as the judgment creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.

In Tennessee, the title is given to the owner, or if applicable, the first lienholder. When a lien is satisfied, the lienholder is required to sign the release on the title, forward title to the owner and notify the Division within seventy-two (72) hours of the release.

You can contact the Motor Vehicle Temporary Liens office at (615) 741-0529 or by email at TNSOS.MVTL@tn.gov. For Frequently Asked Questions click here.

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Tennessee Partial Release of Lien on Leasehold Interest in Part of Lands Subject to Lease