Kentucky Discharge of Lien by Bond
County Forms
Where is the property is located?
Adair CountyAllen CountyAnderson CountyBallard CountyBarren CountyBath CountyBell CountyBoone CountyBourbon CountyBoyd CountyBoyle CountyBracken CountyBreathitt CountyBreckinridge CountyBullitt CountyButler CountyCaldwell CountyCalloway CountyCampbell CountyCarlisle CountyCarroll CountyCarter CountyCasey CountyChristian CountyClark CountyClay CountyClinton CountyCrittenden CountyCumberland CountyDaviess CountyEdmonson CountyElliott CountyEstill CountyFayette CountyFleming CountyFloyd CountyFranklin CountyFulton CountyGallatin CountyGarrard CountyGrant CountyGraves CountyGrayson CountyGreen CountyGreenup CountyHancock CountyHardin CountyHarlan CountyHarrison CountyHart CountyHenderson CountyHenry CountyHickman CountyHopkins CountyJackson CountyJefferson CountyJessamine CountyJohnson CountyKenton CountyKnott CountyKnox CountyLarue CountyLaurel CountyLawrence CountyLee CountyLeslie CountyLetcher CountyLewis CountyLincoln CountyLivingston CountyLogan CountyLyon CountyMadison CountyMagoffin CountyMarion CountyMarshall CountyMartin CountyMason CountyMccracken CountyMccreary CountyMclean CountyMeade CountyMenifee CountyMercer CountyMetcalfe CountyMonroe CountyMontgomery CountyMorgan CountyMuhlenberg CountyNelson CountyNicholas CountyOhio CountyOldham CountyOwen CountyOwsley CountyPendleton CountyPerry CountyPike CountyPowell CountyPulaski CountyRobertson CountyRockcastle CountyRowan CountyRussell CountyScott CountyShelby CountySimpson CountySpencer CountyTaylor CountyTodd CountyTrigg CountyTrimble CountyUnion CountyWarren CountyWashington CountyWayne CountyWebster CountyWhitley CountyWolfe CountyWoodford CountyDischarge of Lien by Bond for Real Estate Located in Kentucky
Release of Lien in Kentucky by Execution of Bond
Executing a bond is one way to remove mechanic's liens levied on a property. A bond is an amount that can be posted with a surety or other agency that guarantees payment to a contractor or other lien claimant. In return for this assurance, the claimants release the liens.
In Kentucky, the owner or claimant of a property covered by a lien, (or any contractor or other person contracting with the owner or claimant for the furnishing of improvements or services), may, at any time before a judgment is rendered to enforce the lien, execute with the county clerk in the county where the lien was filed, a bond for double the amount of the lien claimed. K.R.S. 376.100. The bond and release must be approved by the clerk and are conditioned upon the obligors satisfying any judgment that may be rendered in favor of the person asserting the lien. Id. So, if the lien is filed for $5,000, a bond of $10,000 must be executed to discharge the lien.
The release document identifies the parties, recording details of the filed lien, and the effective date of the release. The bond shall be preserved by the clerk, and upon its execution the lien upon the property shall be discharged. Id. The person asserting the lien may make the obligors in the bond parties to any action to enforce the claim, and any judgment recovered may be against all or any of the obligors on the bond. Id.
This article is provided for information purposes only and should not be relied on as a substitute for the advice from a legal professional. If you have questions about posting a bond to release a lien, or any other issues related to liens in Kentucky, please speak with a licensed attorney.