Waiver and Relase of Lien

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Shared by: C K
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According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0572-0107. The time required to complete this information collection is estimated to average 1 minute per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. U.S. Department of Agriculture Rural Utilities Service WAIVER AND RELEASE OF LIEN WHEREAS the undersigned, NAME OF MANUFACTURER, MATERIAL SUPPLIER OR SUBCONTRACTOR has furnished to NAME OF CONTRACTOR the following: for KIND OF MATERIAL AND SERVICES FURNISHED use in the construction of a project belonging to NAME OF BORROWER and designated the Rural Utilities Service as RUS DESIGNATION NOW, THEREFORE, the undersigned, NAME OF MANUFACTURER, MATERIAL SUPPLIER, OR SUBCONTRACTOR and other good and valuable for and in consideration of $ consideration, the receipt whereof is hereby acknowledged, do(es) hereby waive and release any and all liens, or right to or claim of lien, on the above described project and premises, under any law, common or statutory, on account of labor or materials, or both, heretofore or hereafter furnished by the undersigned to or for the account of said NAME OF CONTRACTOR for said project . Given under my (our) hand(s) and seal(s) this day of ,20 . Name of Manufacturer, Material Supplier, or Subcontractor By President This Waiver and Release of Lien must be signed with the full name of the Manufacturer, Material Supplier, or Subcontractor. If the Manufacturer, Material Supplier, or Subcontractor is a partnership, this Waiver and Release of Lien must be signed in the partnership name by a partner. If the Manufacturer, Material Supplier, or Subcontractor is a corporation, this Waiver and Release of Lien must be signed in the corporate name by a duly authorized officer and the corporate seal affixed and attested by the Secretary of the Corporation. RUS FORM 224 (Rev. 2-04)

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