1 (844) 589-9732

Tennessee Release of Mechanic’s Lien Bond

The Tennessee release of mechanic’s lien bond is required to remove a mechanic’s lien and attach it to a surety bond. Please call AmeriPro Surety Bonds today at:                   844-589-9732.

Tennessee Release of Mechanic’s Lien Bond | AmeriPro Surety Bonds |

844-589-9732

Please note:  Before our agency will accept and review your lien documents or provide you with an application for a mechanic’s lien bond, there is a nonrefundable $75.00 application fee.  If you follow through and obtain the surety bond, that amount is deducted from your first annual premium.

 

 

Mechanic’s Lien – Tennessee

 

 

 

A release of mechanic’s lien bond is a simple concept: The surety bond, ordered by a court, merely transfers a mechanic’s lien from the underlying property (where it was originally placed) to a surety bond. Doing so allows the property to be sold or refinanced, while ensuring that the fact of a mechanic’s lien is legally acknowledged and recorded.

Doing so allows any underlying litigation to take place, and guarantees that should a judgment be rendered in favor of the lien holder, it will in fact be paid.

The individual with the mechanic’s lien, therefore, is the purchaser of this surety bond.

 

 

 

Tennessee Release of Mechanic’s Lien Bond: Amount Required

 

 

 

Chapter 66 of the Tennessee Code Annotated goes into detail regarding the surety bond requirement for a mechanic’s lien.

The Tennessee release of mechanic’s lien bond is for the amount of the lien being claimed.

Typically, the court where any hearings on this matter will be held will give an order stating the amount of surety bond required.

For our purposes, copies of any court order will be quite helpful in securing your bond.

 

 

 

Collateral

 

 

 

The Tennessee release of mechanic’s lien bond is always backed by full collateral.

Collateral acceptable to AmeriPro Surety Bonds takes place in only one of two ways; we do not accept forms.

Acceptable collateral is:

Collateral will either be returned to the principal (the purchaser of the mechanic’s lien bond) or used to satisfy a judgment in favor of the lien holder.

 

 

 

The Premium

 

 

 

Separate but related to your mechanic’s lien bond is the premium. The premium represents the cost of the surety bond’s issuance.

There are two main things to keep in mind with respect to a mechanic’s lien premium:

  • The premium amount for a Tennessee mechanic’s lien surety bond is $770 annually or 1% of the bond amount, whichever amount is greater;
  • The premium renews annually for long as the mechanic’s lien case is being adjudicated in court.

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Tennessee.

Our agency also provides surety bonds nationwide.

Please call AmeriPro Surety Bonds today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you…

 

 

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Connecticut Professional Conservator Bond

Connecticut Professional Conservator Bond | AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   The state of Connecticut offers a professional conservator probate program which pays a monthly fee to the appointed conservator on behalf of...

Ginnie Mae Lost Instrument Bond

Ginnie Mae Lost Instrument Bond | AmeriPro Surety Bonds | 844-589-9732 Surety Bond; Amount and Purpose   A Ginnie Mae lost instrument bond, formally known as a Lost Instrument Bond with Limited Liability, is required by this federal agency when a property ---...

West Virginia Attachment Bond

West Virginia Attachment Bond | AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   An attachment order allows a Plaintiff, prejudgment, in a civil case, to seize and take possession of the disputed property held by a Defendant. A...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)