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18-48-805. Notice of claim of lien against proceeds.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-48-805. Notice of claim of lien against proceeds.
(a) A notice of claim of lien against proceeds shall state:
(1) The name, address, and telephone number of the principal broker;
(2) The date of the representation agreement;
(3) The name of the owner of the commercial real estate;
(4) The legal description of the commercial real estate as described in the representation agreement;
(5) The amount of the claimed lien expressed as either a specified sum, a percentage of the sales price, or a formula;
(6) The real estate license number of the principal broker;
(7) That the lien claimant has read the notice of claim of lien, knows its contents, and believes:
(A) The statements contained in the notice of claim of lien to be true and correct; and
(B) That the claim is made pursuant to a valid representation agreement and is not frivolous; and
(8) That the information contained in the notice of claim of lien is true and accurate to the knowledge of the signatory.
(b) The notice of claim of lien against proceeds shall be notarized.
(c) A copy of the representation agreement shall be attached to the notice of claim of lien against proceeds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-48-805
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-48-805
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 898562232ed87097df94f1c56fcea6833d8049deaeb8cab42d07c20e3abfe298
Source location: content.xml paragraph 10813
Stored source content
18-48-805. Notice of claim of lien against proceeds.
(a) A notice of claim of lien against proceeds shall state:
(1) The name, address, and telephone number of the principal broker;
(2) The date of the representation agreement;
(3) The name of the owner of the commercial real estate;
(4) The legal description of the commercial real estate as described in the representation agreement;
(5) The amount of the claimed lien expressed as either a specified sum, a percentage of the sales price, or a formula;
(6) The real estate license number of the principal broker;
(7) That the lien claimant has read the notice of claim of lien, knows its contents, and believes:
(A) The statements contained in the notice of claim of lien to be true and correct; and
(B) That the claim is made pursuant to a valid representation agreement and is not frivolous; and
(8) That the information contained in the notice of claim of lien is true and accurate to the knowledge of the signatory.
(b) The notice of claim of lien against proceeds shall be notarized.
(c) A copy of the representation agreement shall be attached to the notice of claim of lien against proceeds.
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