New Jersey Mechanic's Lien Release Bond (Mechanic's Lien Discharge Bond ~ New Jersey)

Bond Penalty: 110% of Lien Amount

A New Jersey mechanic's lien release bond is a financial assurance remedy available to project owners (property owners), contractors and subcontractor that wish to free a parcel of real property from a lien. Lien rights granted under New Jersey law are intended to allow contractors and material suppliers to secure their right to payment for goods or services provided. Because litigation often arises between these interested parties the New Jersey lien discharge bond mechanism exists to allow delivery of a "clean title" to the property subject to the lien.

Pursuant to 2A:44A-33 Discharge of record of lien claim, Sec. 33. a. A lien claim shall be discharged of record by the county clerk. (1)Upon the execution and filing with the county clerk of a surety bond in favor of the claimant in an amount equal to 110% of the amount of the lien claim, the lien is effectively "bonded off" of the property. The surety company that issues the bond must be duly authorized to practice suretyship in the state and executed by licensed agent or attorney in fact and acknowledged before notary. As the New Jersey mechanic's lien release bond must be filed the county clerk in the county where the lien is filed, certain filing fees must accompany the surety bond.

New Jersey surety bond leader, Surety One, Inc. is THE most responsive underwriter of mechanic's lien release bonds in the nation. Our expertise in manuscripting bond forms for acceptable recording, same day quoting, immediate bond execution and delivery are unequaled. We underwrite mechanic's lien discharge bonds in all fifty states, Puerto Rico and U.S. Virgin Islands. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat if you would like application materials and assistance or have questions.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You

Additional Attachments

  • Copy of lien.