2015 Indiana Code TITLE 32. PROPERTY ARTICLE 28. LIENS ON REAL PROPERTY CHAPTER 6. RELEASE OF MECHANIC'S LIENS
Download as PDF
IC 32-28-6
Chapter 6. Release of Mechanic's Liens
IC 32-28-6-1
Failure to release lien; damages
Sec. 1. (a) If:
(1) a person owns or has an interest in real estate to which a
mechanic's lien has been attached;
(2) the debt secured by the lien has satisfied or paid; and
(3) the person who owns or has an interest in the encumbered
real estate demands that the lien be released;
the lienholder shall release the lien within fifteen (15) days after the
demand.
(b) If the lienholder does not release the lien within fifteen (15)
days after the demand, the lienholder is liable to the person who owns
or has an interest in the real estate to which the mechanic's lien has
been attached for the greater of:
(1) actual damages; or
(2) liquidated damages in the sum of ten dollars ($10) per day
from the fifteenth day until the release or expiration of the lien.
(c) A person who owns or who has an interest in real estate to
which a mechanic's lien has been attached may, at any time thirteen
(13) months after the date of the filing of the notice of the lien, file in
the office of the recorder of the county in which the real estate is
situated an affidavit stating that no suit for the foreclosure of the lien
is pending and that no unsatisfied judgment has been rendered on the
lien.
As added by P.L.2-2002, SEC.13.
IC 32-28-6-2
Certification of lien satisfaction
Sec. 2. If a person who owns or has an interest in real estate
encumbered by a mechanic's lien files the affidavit described in
section 1(c) of this chapter, the recorder of the county in which the
encumbered real estate is situated shall immediately record the
affidavit and certify on the record of the lien that the mechanic's lien
is fully satisfied and that the real estate described in the mechanic's
lien is released from the lien. The fee of the recorder for the filing and
recording of the affidavit shall be an amount prescribed by law and
shall be paid by the person filing the affidavit.
As added by P.L.2-2002, SEC.13.
Indiana Code 2015
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
