Release of Lien WikiTags WikiShare
BoatWiki - Forms
Introduction
The Release of Lien form is designed to offset or negate a Notice of Claim of Lien as recorded against a USCG documented vessel. Although subject to change without notice, this version has proven acceptable to the National Vessel Documentation Center.
Format
The form is provided in Microsoft Word in order to facilitate any changes to its structure or textual content. It is also fielded and tabbable for convenience. In making any non-fielded alterations, it will be necessary to select the "Unprotect" option from the "Tools" menu of your application. It can thereafter be protected again as a form to regain the fielding.
Instructions
In order to complete the lien release, it will be necessary to obtain details about its recording as shown on the vessel's underlying abstract of title. This can be effected by obtaining copy of the recorded lien or by visiting the Vessel Record Request link in the above WikiTags. The release form can then be prepared based on the recording information. Upon completion, it must be signed by the claimant or its authorized representative. This must be implemented in the presence of a notary public.
Conclusion
Although lien claims do not confer automatic rights of foreclosure or affect the documentation process, they do leave a cloud against the title if not released. A completed release form can be mailed, faxed or emailed to the National Vessel Documentation Center for recording at no cost.
Credits and References
3/7/2022 - Initiated by Team BoatWiki.
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