Arizona Revised Statutes Title 33. Property § 33-1075. Satisfaction of lien; damages

A. On satisfaction of any lien established pursuant to this article, the lienholder shall record a satisfaction of the lien within thirty days. The satisfaction shall be in the form prescribed by § 11-480. A lienholder who fails to record a satisfaction of lien pursuant to this section is subject to the penalties prescribed by § 33-712.

B. A broker shall record a waiver and release of claim of lien that extinguishes the broker's lien rights on either of the following:

C. A broker who is required to record a waiver and release of claim of lien by subsection B of this section and who fails to record a waiver is subject to the penalties prescribed by § 33-712.

D. A waiver and release of claim of lien is sufficient if it complies with other applicable laws and if it is in substantially the following form:

I (we) hereby unconditionally waive and release any claim of lien evidenced by the recording of a “broker's preliminary notice of intent to lien” or “notice of commercial real estate broker lien”, or both, recorded on (date) in docket or book __________ at page __________, or instrument number __________, records of __________ county, Arizona.