§ 60.11.140. Termination statement
Whenever the total amount of the lien has been fully paid and as otherwise provided in RCW 62A.9A-513 (c) and (d), within twenty days following receipt of an authenticated demand following such full payment of the lien, the lien holder filing a lien shall send to the lien debtor or file with the department of licensing a termination statement for the financing statement. Failure to file a termination statement by the lien holder or the assignee of the lien holder shall cause the lien holder or its assignee to be liable to the debtor for the attorneys' fees and costs incurred by the debtor to have the lien terminated together with damages incurred by the debtor due to the failure of the lien holder to terminate the lien.
[2000 c 250 § 9A-834; 1991 c 286 § 6; 1986 c 242 § 14.]
Notes:
Effective date -- 2000 c 250: See RCW 62A.9A-701.
Sections: Previous 60.11.050 60.11.060 60.11.070 60.11.080 60.11.090 60.11.100 60.11.110 60.11.120 60.11.130 60.11.140 60.11.900 60.11.901 60.11.902 60.11.903 60.11.904 Next
Last modified: April 7, 2009