What is the time frame to release a lien that has been paid in full or following a written request?

The correct time frame to release a lien that has been paid in full or following a written request is 20 days. This requirement is established to protect the interests of a property owner or any other party involved in the transaction. Once the payment is made or a written request is received, the lien claimant has a legal obligation to act promptly, ensuring that the lien is released in a timely manner. This helps to clear the property's title and allows it to be transferred or refinanced without encumbrances resulting from the lien.

Understanding this time frame is crucial for contractors, property owners, and any stakeholders in real estate transactions, as it establishes the expectations for responsiveness in the lien release process. This regulation aims to promote fairness and transparency in the construction industry, allowing for smoother project completions and financial transactions.