Montana § 71-3-131 Acknowledgment Of Lien Satisfaction -- Penalty

Montana Statutes

§ 71-3-131 — Acknowledgment Of Lien Satisfaction -- Penalty

Montana § 71-3-131

Title 71MORTGAGES, PLEDGES, AND LIENS

Ch. 3LIENS

Part 1General Provisions

This text of Montana § 71-3-131 (Acknowledgment Of Lien Satisfaction -- Penalty) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 71-3-131 (2026).

Text

71-3-131 . Acknowledgment of lien satisfaction -- penalty.

(1)Subject to subsection (2), when a lien authorized under this chapter is paid and satisfied or the claim upon which it is based has been found invalid by final order or judgment of a court of competent jurisdiction, the creditors shall acknowledge satisfaction within 30 days and discharge the lien of record by filing a release of the lien in the office of the county clerk and recorder in each county in which the notice of lien was filed. If any creditor fails to acknowledge satisfaction, the creditor is liable to any person injured by the failure for a civil penalty of $100, plus any other damages provided by law.

(2)If the owner of the property against which a lien is filed pays the underlying claim before an action is filed o

Free access — add to your briefcase to read the full text and ask questions with AI

71-3-131 . Acknowledgment of lien satisfaction -- penalty. (1) Subject to subsection (2), when a lien authorized under this chapter is paid and satisfied or the claim upon which it is based has been found invalid by final order or judgment of a court of competent jurisdiction, the creditors shall acknowledge satisfaction within 30 days and discharge the lien of record by filing a release of the lien in the office of the county clerk and recorder in each county in which the notice of lien was filed. If any creditor fails to acknowledge satisfaction, the creditor is liable to any person injured by the failure for a civil penalty of $100, plus any other damages provided by law.
(2) If the owner of the property against which a lien is filed pays the underlying claim before an action is filed on that claim or to foreclose the lien, the owner of the property against which the lien was filed shall pay the lienholder's costs and attorney fees incurred for filing and recording the lien before the lien may be released.