Lien Waiver
Title insurers will want lien waivers from each contractor and subcontractor at the time of each disbursement. These waivers typically will cover only the amount disbursed at the time (i.e. they will be “partial” lien waivers) and will be contingent upon the contractor or subcontractor receiving payment of the amount specified. At the end of the project, the title insurer will want full lien waivers from the contractor and each subcontractor or supplier, waiving all liens for all amounts paid under the entire contract.
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