Storey County Release of Prospective Lien by Surety Bond Form

Additional Nevada and Storey County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Storey County

Properties in any of these areas use Storey County forms:

• Virginia City

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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.

Important: Your property must be located in Storey County to use these forms. Documents should be recorded at the county or independent city recording office listed above.

This Release of Prospective Lien by Surety Bond meets all recording requirements specific to Storey County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Storey County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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