Sec. 8. (a) When a
common law lien recorded under this chapter has been satisfied, the lienholder shall record a certificate of satisfaction with the recorder of the county in which the statement of intention to hold a
common law lien was recorded. The certificate must specify the record of the county recorder that contains the statement of intention to hold a common law lien filed by the lienholder under section 5 of this chapter.
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Terms Used In Indiana Code 32-28-13-8
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- common law lien: means a lien against real or personal property that is not:
Indiana Code 32-28-13-1
- Lien: A claim against real or personal property in satisfaction of a debt.
- property owner: means the owner of record of real or personal property. See Indiana Code 32-28-13-2
(c) The recorder shall collect a fee for recording a certificate of satisfaction under this section in accordance with the fee schedule established in IC 36-2-7-10.
[Pre-2002 Recodification Citation: 32-8-39-5.5.]
As added by P.L.2-2002, SEC.13.
