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Discharge of Lien by Bond Form - Letcher County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 6/19/2020
Discharge of Lien by Bond Guide - Letcher County
Line by line guide explaining every blank on the form.
Included document last updated 6/4/2020
Completed Example of the Discharge of Lien by Bond Document - Letcher County
Example of a properly completed form for reference.
Included document last updated 5/29/2020
*The Following Kentucky and Letcher County supplemental forms are included as a courtesy with your order.
Consideration Certificate
Transfer tax is collected on the actual consideration stated and paid or to be paid in the deed. If the deed is a gift or indicates nominal consideration only, tax must be paid on the estimated price of the property and this form is required. It confirms any consideration stated in the deed and adds the estimated fair cash value the property would bring in an open market. A brief list of exemptions can be downloaded here. For a more detailed list and further information, download the relevant statutes posted under Transfer Tax Information.
Transfer Tax Information
These excerpts from Kentucky statutes list the exemptions from transfer tax in detail. If the document is exempt from transfer tax, it must be stated on the document.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Homestead Exemption
If you are 65 years old or disabled you may qualify for a homestead exemption on your property taxes.
Including:
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.
Get your Letcher County Discharge of Lien by Bond form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
The documents you receive here will meet, or exceed, the Letcher County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
4.8 out of 5 (1583 Reviews) July 9th, 2020
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Review: AWESOME COMPANY RELIABLE FAST AND EASY, VERY ECONOMIC, LOVE TO WORK WITH THEM , GREAT CUSTOMER SERVICE , THEY REPLY TO YOU FAST
Reply from Staff on July 9th, 2020
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July 9th, 2020
Name: Dawn Y.
Review: Obtaining a copy of a deed is FAR too expensive.
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July 9th, 2020
Name: James V.
Review: Easy, quick and very proficient. I am glad I used Deeds.
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July 9th, 2020
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Review: Thank you! You made the process of filing something unusual very easy and efficiently. I will definitely recommend you and be back for my future recording needs.
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July 9th, 2020
Name: Tracy M.
Review: The form is easy to use. However, the quit claim deed form seems to be for parcel of land, because the word "real property" is not in the form.
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July 8th, 2020
Name: Scott A.
Review: Good site. Saved me a trip to one or two courthouses.
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July 8th, 2020
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Review: Very pleased with website very simple to navigate through
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July 8th, 2020
Name: Rochelle C.
Review: Very prompt service. Thank you.
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July 8th, 2020
Name: Ronald B.
Review: Simple to use, download, fill-in and print.
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July 7th, 2020
Name: thomas C.
Review: Thank you for being there for me when I couldn't get it done myself. I was a little confused with the operation at first but then became easy. I will definitely be using you again and again. Even after the pandemic is over.It's approximately 15 miles one way to downtown Orlando to do what you did for me sitting at my house
Reply from Staff on July 7th, 2020
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