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In Mechanic's lien law a Notice of Intent to Lien (also known as a Notice of Intent, a Notice of Intent to File a Mechanics Lien, an intent notice, an NOI, or a notice of non-payment) is a type of preliminary notice that warns the property owner, prime contractor, and/or other party on a construction that a mechanics lien or bond claim will be filed unless overdue payments are made within a ...
If the Preliminary Notice does not contain the proper information and wording necessitated by the statute, the notice may be invalid which can result in the forfeiture of lien rights. Most Preliminary Notice forms can be obtained from websites that provide free resources, and a few computer programs exist to handle the process on a nationwide ...
Providing the required preliminary notice to the property owner disclosing the entitlement to the lien (some states). Formally this involves serving a Notice of Intent to Lien; Filing notices of commencement of work (some states). Filing notices in the required public records offices of the intention to file a lien if unpaid (some states).
In Mechanics lien law a Texas Fund Trapping Notice is a preliminary notice that parties on construction projects who are not directly contracted with the owner send in order to preserve the right to file a mechanics lien in the event of nonpayment in Texas. This document is called a Fund Trapping Notice because its purpose is to inform the ...
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
In each instance, however, the creditor is required to engage in a "public act", such as the recording of a lien on the title to the debtor's real estate to be seized, or using other public notice to place a lien on debtor's personal property. Thus, the required public act fixes a lien on the debtor's property.
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