Iowa Code 572.15 – Discharge of mechanic’s lien — bond
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Terms Used In Iowa Code 572.15
- Lien: A claim against real or personal property in satisfaction of a debt.
A mechanic’s lien may be discharged at any time by submitting a bond to the administrator in twice the amount of the sum for which the claim for the lien is posted, with surety or sureties, to be approved by the administrator, conditioned for the payment of any sum for which the claimant may obtain judgment upon the claim.