I am a contractor and I’m not sure about which one to sign as the bank sent me both forms. Do I need to sign a new one every time I get progress payment?
1 reply
Jun 23, 2021
The way that a conditional and unconditional lien release works is that you send out the conditional release first. The conditional release basically says that, assuming the check you give me is good, I provide you with a release. Once you receive the check and make sure that good funds have been deposited to your bank account, you then send the unconditional release, which essentially removes the condition of the check being good. I suggest you consult with a lawyer about this if you have more specific questions about how to fill out and use these forms.