lien release letter
satisfaction of a lien
The first lien holder shall then deliver the title with proper release of the lien executed in the title to the registered owner if no other lien exists, or
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6.8.4 Removing Liens
A recorded lien can be released if the tax liability is satisfied or becomes legally unenforceable.1 A lien becomes unenforceable upon expiration of the 10-year
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CRA Guide to Data Reporting and Collection
Based on its $260,000 original amount, the first lien loan would be considered a loan to a small farm and would be reported in Schedule. RC-C, part II.
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