2A:44A-33 - Discharge of record of lien claim - New Jersey Statutes

2A:44A-33.   Discharge of record of lien claim 
    33.  a.  A lien claim may be discharged of record by the county clerk:

   (1)  Upon the execution and filing with the county clerk of a surety bond, or the deposit of funds with the clerk of the Superior Court of New Jersey, in favor of the claimant in an amount equal to 110% of the amount of the lien claim; or 

   (2)  Upon receipt of a duly acknowledged certificate, discharging the lien claim from the claimant having filed the lien claim,  or his successor in interest, or his attorney; or 

   (3)  Pursuant to an order of discharge by the court.

   b.   When judgment of dismissal or final other judgment against the lien claimant is entered in an action to enforce the lien claim under this act and no appeal is taken within the time allowed for an appeal, or if an appeal is taken within the time allowed for an appeal, or if an appeal is taken and finally determined against the lien claimant, the court before which the judgment was rendered, upon application and written notice to the lien claimant as the court shall direct, shall order the county clerk to enter a discharge of the lien claim. 

   c.   If an appeal is taken by the claimant, the claim shall be discharged unless the claimant posts a bond, in an amount to be determined by the court, to protect the owner from the reasonable costs, expenses and damages which may be incurred by virtue of the continuance of the lien claim encumbrance. 

   L.1993,c.318,s.33.