Escrow & Title
In Oklahoma, a 'notice of completion' or 'final lien release' in a construction project is important because:
AIt has no practical significance
BIt establishes the deadline by which contractors and suppliers must file mechanic's liens; late filers who miss this period lose their lien rights✓ Correct
CIt automatically records the property in the new owner's name
DIt is required by OREC for all new construction sales
Explanation
Filing a notice of completion in Oklahoma starts the clock running for mechanic's lien claims. Contractors and suppliers who provided labor or materials must file their liens within the statutory period after the notice (or after last furnishing). This protects property owners from late lien claims.
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