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

DEMAND 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 1 of 2 State 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 Taking Acknowledgment _____________________] Title or Rank My Commission Expires: _________________ Serial Number, if any _______________ Demand for Revocation of Stop Lending Notice Page 2 of 2