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This form demands for the withholding of construction funds that are held with a lending institution. Contractors who have satisfactorily performed their work but have not been paid by the property owner may execute this form and deliver it to the lending institution to demand payment. This form can be used by small businesses or other entities that are owed money for labor or services they provided in connection with a construction project.
Stop Notice Agreement A Legal Notice to Withhold Construction Funds Effective Date (Month, Day, Year). The Owner (Name of Owner), hereinafter called the Owner. Located at (street address, city, state, zip code). and Lending Institution (Name of Lender), hereinafter called the Bank. Located at (street address, city, state, zip code). This form demands for the withholding of construction funds that are held with a lending You Contractors who have institution. are hereby notified that: satisfactorily performed their work but have not been paid by the property owner may execute this form and deliver it to the lending institution Name of Claimant: _________________________________________________________, to demand payment. This form can be used by small businesses or other entities that Who is located at labor or services they provided in connection with a construction are owed money for __________________________________________________________. project. performed labor and/or provided materials for a work of improvement project located at: Has (street address, city, state, zip code). The labor and/or materials that were furnished by the Claimant are of the following kind: _____________________________________ _____________________________________ _____________________________________ _____________________________________ The labor and/or materials were furnished to the following involved entities: __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ The total value of the entire amount of labor and materials agreed to furnished %_________. The value of the labor and materials furnished to date $__________________. Claimant has been paid the sum of $_______________. You are required to set aside sufficient funds to satisfy this claim with interest, court costs, and other reasonable costs for litigation as provided by law. You are also notified that the above mentioned Claimant claims as equitable lien against any construction fund for this project which resides with the above mentioned Bank. I, the undersigned, verify that I am the above stated Claimant and that I have read and understand said Stop Notice and the contents thereof. I declare, under penalty of perjury under State Law the foregoing is true and correct. Executed on (date). Applicable Law This contract shall be governed by the laws of the State of (name) in (name) County and any applicable Federal Law. ____________________________ (Signature of Claimant) (Printed Name of Claimant) © Copyright 2012 Docstoc Inc. registered document proprietary, copy not 2
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