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Click ‘Get Form’ to open the SunTrust Contractor Conditional Waiver of Lien in the editor.
Begin by entering the Loan Number at the top of the form. This is essential for identifying the specific loan associated with this waiver.
Fill in the Borrower and Co-Borrower fields with the appropriate names, ensuring accuracy for legal purposes.
In the section labeled 'For and in consideration of the sum of', enter the total contract amount to be paid to you as a contractor.
Provide the Property Address where work will be performed, ensuring it matches any official documents related to this project.
Complete your declaration by inserting your name as 'Contractor' and confirming your qualifications and compliance with applicable laws.
Fill in your Company Name, Address, Tax ID#, and Phone Number accurately for identification purposes.
Finally, sign and date the document at the bottom to validate your waiver. Ensure that all information is correct before submission.

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What is a conditional lien waiver?

Conditional lien waivers are the most common type used in construction. A conditional lien waiver uses language that states the lien will be lifted upon the condition that payment is received. Contractors and subcontractors assume less risk when signing a conditional waiver.

Do banks require lien waivers?

Most banks require lien waivers as evidence of payment before lending money. If a business needs additional funding on a project, itll provide lien waivers to lenders to show subcontractors have been paid for completed work up to that point.

How to fill out a waiver of lien?

How to Fill Out a Lien Waiver If there are multiple owners, list all owners. If the work was done for a tenant, list both the tenant and the owner of the property. If the work was supervised by a construction manager, list the owners but not the construction manager.

What is a lien waiver account?

A lien waiver is quite common in the construction business. Essentially, it is a document from a contractor, subcontractor, supplier, or another party who holds a mechanics lien that states they have been paid in full and waive future lien rights to the disputed property.

suntrust lien release

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SunTrust Contractor Conditional Waiver of Lien - SunTrust Bank 2026

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