Ensuring that lien releases are accurately processed in a timely manner is crucial in monitoring your overall risk. States require lien releases to be submitted to the county recorder usually within a matter of days after the loan is paid in full. While the timeframe differs nationwide, you can potentially face statutory penalties for non-compliance if your documents are not filed in the state's stipulated time frame. Click here to watch industry expert Debbie Lastoria explain how to monitor your overall risk on lien releases.
