Nevada - Mineral County Release of Prospective Lien by Surety Bond Form
All Mineral County specific forms listed below are included in your immediate download:
Release of Prospective Lien by Surety Bond Form - Mineral County
|Fill in the blank form formatted to comply with all recording and content requirements.
|Included document last updated 2/5/2018
Release of Prospective Lien by Surety Bond Guide - Mineral County
|Line by line guide explaining every blank on the form.
|Included document last updated 1/29/2018
Completed Example of the Release of Prospective Lien by Surety Bond Document - Mineral County
|Example of a properly completed form for reference.
|Included document last updated 2/1/2018
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- What is included in the
- A fill in the blank form
used to create your Release of Prospective Lien by Surety Bond.
- A guide that explains every
blank on the Release of Prospective Lien by Surety Bond Form.
- A completed example of the Release of Prospective Lien by Surety Bond to give you an idea of what a properly completed document looks like.
- All supplemental forms that
may be required by Mineral County when recording your document.
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most computers already have
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- No. Nothing to cancel, no
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Areas covered by these Release of Prospective Lien by Surety Bond Forms:
What is the Nevada Release of Prospective Lien by Surety Bond?
Releasing a Notice of Right to Lien by Surety Bond in Nevada
The Release of Notice of Lien by Surety Bond is used to obtain the release of all prospective and existing lien rights of lien claimants related to a work of improvement. Under NRS 108.2415(2), to obtain such a release, the principal and a surety must execute and record a surety bond in an amount equal to 1.5 times the amount of the prime contract. So, for example, if the lien amount is for $1,000, bond must be posted for $1,500.
The surety bond release form must include: the title of court and cause of action (if a lawsuit has been filed), name and address of the principal (person giving the bond), the owner's name, and information about the prime contract including parties, amount, date executed, and a summary of the terms.
The principal must record the surety bond in the office of the county recorder in the county in which the property upon which the improvement is located, either before or after the commencement of an action to enforce the lien.
By properly completing and recording this document, the bond becomes a security substitute for any existing or prospective lien on the owner's property.
Contact an attorney with questions about mechanic's liens or surety bonds associated with them.
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Customer Rating: 9.00 out of 10 (2 Reviews)
On 02/12/18 Ernie Lau Said:
It had what you needed pretty basic some of the wording was a bit ambiguous but overall it gets the job done.
On 01/21/18 Peggy B. Said:
On target for sure good job with these forms!
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Notice: You are ordering blank forms, NOT a copy of your existing deed.