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The document is a Construction or Mechanics Lien Forms Package specifically designed for contractors operating as sole proprietors in Wyoming. It includes various state-specific forms necessary for contractors to secure and enforce liens on properties for unpaid services, materials, or equipment. The package contains a list of forms with descriptions, tips for completing them, and a disclaimer regarding the use of the materials.

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What is the statute 29 10 101 in Wyoming?

Failure of payment due and owing to a contractor, subcontractor or materialman for work performed or materials provided to the project located on the property can result in the filing of a lien against the property.

How long is a lien good for in Wyoming?

No lien shall continue to exist except by virtue of the provisions of this chapter for more than one hundred eighty (180) days after the lien is filed unless an action to foreclose the lien is instituted.

What are the two kinds of lien?

Liens can be voluntary, or consensual, such as a lien on a property for a loan that the borrower has agreed to. However, involuntary or statutory liens can also be created when a creditor seeks legal action for nonpayment of a debt.

What is another name for a mechanics lien?

A mechanics lien can be known by many different names depending on the nature of the property or the services or goods provided including an artisans lien, a chattel lien, a construction lien, a garagemans lien, a laborers lien, a suppliers lien, a design professionals lien, and a materialmans lien.

What is an example of a mechanics lien?

An example of a mechanics lien would be if a contractor performed $10,000 worth of work on a property owners home and the owner failed to pay the contractor. The contractor could then file a mechanics lien against the property for the unpaid work.

What is the difference between a mechanics lien and a regular lien?

While mortgage liens secure the repayment of a loan used to purchase a property, mechanics liens secure payment for labor, materials, or services provided for the improvement of the property itself.

Whats the difference between a lien and a mechanics lien?

While mortgage liens are often recorded at the time of property purchase or refinancing, mechanics liens are typically filed after the completion of construction work. Therefore, the general contractor in this example must make sure to continually evaluate the liens on the property as work will progress.

How do I release a lien on a Wyoming title?

Releasing a Lien or Security Interest To release a lien or security interest: You must complete and return a termination form (PDF) You must have your Wyoming Certificate of Title. If original lien was filed prior to July 1, 1993 a fee is required - refer to fee schedule (PDF)

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