Free Release Of Lien Texas PDF Form Get Document

Free Release Of Lien Texas PDF Form

The Release of Lien Texas form is a legal document that signifies the removal of a lien from a property, acknowledging that the debt associated with that lien has been fully paid. This form is essential for property owners who want to clear their title and ensure that no further claims can be made against their property by the lienholder. If you need to fill out this important document, click the button below to get started!

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Outline

The Release of Lien form in Texas is a crucial document that serves to formally acknowledge the satisfaction of a lien on a property. It is typically prepared by legal professionals and is intended for use by attorneys, ensuring that the process adheres to the state's legal standards. This form includes essential details such as the names of the borrower and lender, the original principal amount of the note, and the property description. By signing this document, the holder of the lien confirms that they have received full payment and, consequently, relinquishes their claim against the property. This release is not limited to just the lien in question; it also waives any rights to enforce the lien for future debts. The form must be acknowledged by a notary public, which adds an additional layer of authenticity and legal weight. Understanding the significance of this document is vital for property owners and lenders alike, as it ensures clarity and security in property transactions.

Key takeaways

When dealing with the Release Of Lien Texas form, it's essential to understand its purpose and how to fill it out correctly. Here are some key takeaways:

  • Purpose of the Form: This form is used to officially release a lien on a property, indicating that the borrower has paid off their debt.
  • Who Can Use It: While the form is prepared by the State Bar of Texas, it is intended for use by lawyers. However, borrowers and lenders should be aware of its contents.
  • Information Required: Essential details such as the holder of the note, the borrower's name, and the original principal amount must be accurately filled in.
  • Property Description: Clearly describe the property, including any improvements, to avoid confusion during the release process.
  • Acknowledgment: The form requires a notary public to acknowledge the signature of the holder of the note, adding an extra layer of verification.
  • Waiver of Future Claims: By signing, the holder waives any future rights to enforce the lien for other debts, which is a significant legal implication.
  • Recording the Document: After completion, the form must be recorded in the appropriate county office to make the release official and publicly accessible.

Understanding these key points can help ensure that the Release Of Lien Texas form is filled out and utilized correctly, ultimately protecting the interests of all parties involved.

Form Preview Example

Prepared by the State Bar of Texas for use by lawyers only.

E 1999 by the State Bar of Texas

RELEASE OF LIEN

Date:

Holder of Note and Lien:

Holder’s Mailing Address (including county):

Note

Date:

Original principal amount:

Borrower:

Lender:

Maturity date (optional):

Note and Lien Are Described in the Following Documents, Recorded in:

Property (including any improvements):

Holder of Note and Lien is the owner and holder of the Note and Lien described above.

Holder of Note and Lien acknowledges payment in full of the Note and releases the Property from the Lien and from all liens held by Holder of Note and Lien, without regard to how they were created or evidenced.

Holder of Note and Lien expressly waives and releases all present and future rights to establish or enforce the Lien as securi- ty for payment of any future or other indebtedness.

When the context requires, singular nouns and pronouns include the plural.

 

(Acknowledgment)

STATE OF TEXAS

 

 

COUNTY OF

 

 

This instrument was acknowledged before me on

,

by

.

 

 

 

 

Notary Public, State of Texas

 

Notary’s name (printed):

 

Notary’s commission expires:

 

(Corporate Acknowledgment)

STATE OF TEXAS

 

 

COUNTY OF

 

 

This instrument was acknowledged before me on

,

by

,

of

 

 

a

 

corporation, on behalf of said corporation.

 

 

 

 

Notary Public, State of Texas

 

Notary’s name (printed):

 

Notary’s commission expires:

AFTER RECORDING RETURN TO:

PREPARED IN THE LAW OFFICE OF: