Definition of "Lien release"

Elizabeth Shepard  real estate agent
Elizabeth Shepard , Real Estate Agent Dockside Realty

A written document terminating the terms of a lien through payment of all financial obligations. A lien release is given by the lienor, the one holding the lien, to the lienee, individual whose property is subject to the lien, as evidence of the lien's satisfaction.

 

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