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NYC DEPARTMENT OF FINANCE G COLLECTIONS DIVISION P U B L I C I M P R OV E M E N T L I E N F O R M TM Finance Mail to NYC Department of Finance Collections Division Vendor Restraints 59 Maiden Lane 24th Floor New York NY 10038 Instructions. Please complete sign and have this application notarized* See notarization on page 3 and mail to the address above. CONTRACTING/SUBCONTRACTING INFORMATION Name of City of New York contracting agency Agency Address NUMBER AND STREET CITY STATE ZIP CODE Name of ...

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What is a lien in South Africa?

In South African law this is called a lien. A lien is a \u201cright\u201d to retain physical control of another's property as security for payment. The right of retention enables the creditor to retain the client's (\u201cthe debtor\u201d) property if the debtor fails to settle their account.

How long does a contractor have to file a lien in New York?

With respect to a single-family residence, a lien must be filed within four months after the last date labor or materials were furnished for the project or the completion of the contract. (Id.). A lien is valid for one year from its filing.

What is an improvement lien?

A bona fide possessor who has preserved or made improvements to another's property at his or her expense has a right of retention against the property to secure compensation for his or her necessary and useful expenses.

How do I remove a mechanic's lien in NY?

New York Lien Law § 19(4) allows a lien to be discharge by filing a bond securing up to 110% of the amount claimed. A mechanic's lien discharge bond is executed by the principal, which requests the bond, and the surety, a financial services company which guarantees payment if the lien claim is proved.

How much does it cost to file a mechanics lien in NY?

Form must be filled out and notarized at the time of filing. The fee for filing a notice of Mechanic's Lien is $30.00. The fee for filing an Affidavit of service of Mechanic's Liens is $5.00.

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