Affidavit Funds

 Contractor's Affidavit to Induce Lender to Release Funds - Final Payment
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Description contractor affidavit

When the contractor requests final payment, a Final Contractor's Affidavit must be submitted to the lender. The Final Contractor's Affidavit lists all money due to potential lienors that have not been paid. The lender will typically require affidavits from each potential lienor assuring that they have been paid before releasing the final draw amount to the contractor.

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