It sounds like a simple adjustment is all that is needed.
There is a cap screw on the lever that secures the lock plate to the lever. Remove the cap screw. Now tighten the lever nut just a bit. An eighth or quarter turn is probably all it will take. Now reattach the lock plate with the cap screw and you should be set!
There is a small eyelet inside of the upper guard, above the location of the spindle. On the lower guard there is a small hole right next to the large center hole. The spring connects between these two points.
I hope this helps with your repair!
-Mark
Power Tool Repair Forum
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