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The word discharge can cause some confusion. A Discharge of Mechanics Lien Bond does not extinguish the mechanics lien entirely. It discharges the lien from the property and attaches it to the bond. Another way to think about the bond is that it replaces or wraps around the lien.
A partial lien waiver is a document where the signer acknowledges that he has received a progress payment and agrees to waive his rights to place a lien on that portion of a project. A partial lien waiver sometimes acts as a receipt showing that partial payment has been made.
Specify the property or asset that was subject to the lien. Include details such as the address, make and model (if applicable), and any other relevant identifying information. Clearly state the reason for the lien release. This could be due to payment in full, a change in ownership, or any other applicable reason.
What is a partial lien release? This is when a lender releases their lien on part of your property. This is in place of a full release, which usually only happens once youve paid off your mortgage completely.
The Partial Discharge of Mechanics Lien Form is used to only partially cancel a lien that has already been filed. This lien discharge or release form is used to cancel a portion of a lien that has already been filed.

People also ask

A partial release is a mortgage provision that allows some of the collateral to be released from a mortgage after the borrower pays a certain amount of the loan.
A lien is a claim on property to ensure payment of a debt. When you borrow money to purchase a car, the lender files a lien on the vehicle with the state to insure that if the loan defaults, the lender can take the car. When the debt is fully repaid, a release of the lien is provided by the lender.

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