Utah Notice of Release of Lien and Substitution of Alternate Security - Corporation or LLC
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This Notice of Release of Lien and Substitution of Alternate Security form is for use by a corporate or LLC owner of an interest in real property that is subject to a recorded mechanics' lien or original contractor or subcontractor affected by the lien, to provide notice that it disputes the correctness or validity of the recorded lien relating to property and that upon the recording of the notice, the real property shall be released from the mechanics' lien to which the notice applies. The notice is effective as to any amendment to the lien being released if the attached bond amount remains enough to satisfy the requirements of Utah Code Ann. §38-1-28(2)(c)(ii). If a suit is pending to foreclose the lien at the time the notice is served upon the lien claimant under Utah Code Ann. §38-1-28(4)(a), the lien claimant shall, within 90 days from the receipt of the notice, institute proceedings to add the alternate security as a party to the lien foreclosure suit.
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