(1) A legal owner of an abandoned home in the possession of a person holding a lien under the provisions of this chapter may release any interest in the home after the lien has attached.
(2) The release shall contain the following information: A description of the abandoned home, including the year, make and vehicle identification number;
(3) The names and addresses of the legal owners of record;
(4) A statement of the amount of the lien and the facts concerning the claim which give rise to the lien; and
(5) A statement that the person releasing the interest understands that he or she has a legal right to a hearing in court prior to the sale of the abandoned home and that he or she waives the right to contest the claim.
(6) A copy of the release shall be filed with the department in connection with the transfer of interest in an abandoned home under the provisions of this section.