A Hawaii mechanic's lien release bond is a quick, efficient way to clear a title to real property of liens placed by contractors, subcontractor and materials suppliers. Pursuant to HI Rev Stat §507-45, "Any mechanic's or materialman's lien may be discharged at any time by the owner, lessee, principal contractor or intermediate subcontractor filing with the clerk of the circuit court of the county in which the property is located or with the assistant registrar of the land court (if registered land is affected except when the lien attaches solely to the interest of the lessees in one or more leasehold time share interests as described in section 501-20), a lien release bond. The surety bond must be issued in and amount no less than twice the amount of the sum for which the claim for the lien is filed.
The Hawaii mechanic's lien discharge bond must not be cancelable, remaining in full force until the complete satisfaction of the amount due under the claim is paid, released by the lienholder or ordered released by a court of competent jurisdiction. The surety bond must be conditioned upon the payment of any sum for which the lien claimant may obtain judgment upon his or her claim.
Hawaii surety bond leader, Surety One, Inc. is THE most responsive underwriter of judicial bonds in the nation. Our expertise in the wording of bond forms acceptable to the county clerks and registers of deeds, same day application approval, immediate bond execution and delivery are unmatched. We underwrite mechanic's lien release bonds in all fifty states, Puerto Rico and U.S. Virgin Islands. We are THE most agile and customer-focused underwriter of surety bonds in the U.S. Our experience, same day underwriting, immediate authenticated bond execution and delivery are unmatched. No other surety brokerage has the underwriting authorities that we do. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat for application materials and assistance with your Hawaii Mechanic's lien release bond.
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