Fill and Sign the Demand for Revocation of Stop Lending Notice Individual Form

Demand for Revocation of Stop Lending Notice Page 1 of 2DEMAND FOR REVOCATION OF STOP LENDING NOTICE--INDIVIDUAL ( A.S. § 34.35.074(b)) COMES NOW, _____________________________________, a lender who received a Stop Lending Notice on the _____ day of __________, 20_____, from __________________________________, a claimant to whom payment for labor, material, service, or equipment furnished for a project is past due, to stop disbursing, advancing, or otherwise providing construction financing for the improvement of the property located at: ___________________________________, and would provide the following:1.The claimant has failed to promptly revoke the stop-lending notice or remove the claim of lien from the record upon receipt of payment in full on the claim or upon discovering that the stop-lending notice or claim of lien is in error, unjust, premature, or excessive.2.The undersigned hereby demands that the claimant expressly revoke the above mentioned stop lending notice issued on the _____ day of __________, 20_____, such that the claimant may no longer hold the undersigned liable for payments made contrary to the stop lending notice.3.If the claimant does not promptly revoke the stop-lending notice or remove the claim of lien from the record, the claimant will be liable for actual and consequential damages caused by giving the stop-lending notice or improperly recorded claim of lien plus costs, including reasonable attorney fees._________________________Signature_________________________Print or Type Name Verification I __________________________ say on oath or affirm that I have read the foregoing (or attached) document and believe all statements made in the document are true. _________________________Signature Demand for Revocation of Stop Lending Notice Page 2 of 2State of Judicial District (or County) of or Municipality of The foregoing instrument was acknowledged before me this _______________ (date) by _______________________________________ (name of person who acknowledged).____________________________________Signature of Person TakingAcknowledgment_____________________]Title or RankMy Commission Expires: _________________ Serial Number, if any _______________