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Construction law

lien releases

A lien release (also known as a release of lien, lien cancellation, or cancellation of lien) is the document filed in the county records to release or discharge a mechanic’s and materialmen’s lien (also known as a construction lien or contractor lien) that was filed as a claim on the property title to secure payment for labor and materials provided to improve the real estate.

In New Mexico, a lien release, also known as a release of lien, lien cancellation, or cancellation of lien, is a legal document used to remove a previously filed mechanic's and materialmen's lien from the property records. This type of lien is used by contractors, subcontractors, or suppliers to ensure payment for labor or materials provided for property improvements. Once the debt is paid or otherwise satisfied, the lienholder is required to file a lien release with the county clerk's office where the property is located. New Mexico law mandates that the lien release be filed within 10 days of the debt being satisfied. Failure to timely release a lien can result in penalties for the lienholder. It is important to ensure that the lien release is properly executed and recorded to clear the title to the property and avoid any potential legal issues.

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Construction law

lien releases

Individual & Family Legal Plan

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New-Mexico State Code

New-Mexico State Code

Construction law

lien releases

Articles