Mechanics liens are powerful tools to secure payment, but in some situations, it’s ultimately a lien’s priority that determines whether or not the lien claimant will be paid. If proceeds from a foreclosure sale are insufficient to cover…Read More
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Mechanics lien and bond claim laws change constantly. New bills, laws and cases construe the mechanics lien laws on an almost daily basis. For years, we’ve made a commitment to providing our readers with free notifications of important changes in state and federal mechanics lien and bond claim laws, and these notifications are all organized under this “Lien Law Alerts” section. Rely on Zlien to continue monitoring legislation and case law across the country and report on any changes that could impact your company’s legal compliance with lien and bond claim laws.
Mechanics lien claims cloud the title of the property against which they are asserted, and can enjoy an advantageous priority position in potential foreclosure proceedings. Because of this, a common question is how title insurance coverage applies to situations in…Read More
General contractors, lenders, title insurance companies, owners, and sureties on a construction project are concerned about their exposure to mechanics lien claims. This is natural since these claims are a large component of the Read More
More than 200 years ago, Virginia’s most famous son invented the mechanics lien concept to protect contractors and suppliers against non-payment on construction projects. In the 2015 legislation, Virginia’s lawmakers finally embraced the public policy reasons behind this legal principle,…Read More
The laws, rules, and regulations surrounding construction payment are complex, indicate, and can have significant consequences if not followed. As well as providing remedies for nonpayment (such as the security provided by mechanics liens) there are specific rules related to…Read More
Mechanics liens protect parties that furnish labor and/or material in the improvement of property. While the exact definition of the protected parties varies from state to state, this core statement remains the same. In order to file a valid…Read More
This is a guest editorial post by Kurt Sorensen, the Corporate Credit Director for H&E Equipment. The following was submitted to the Louisiana State Law Institute Security Devices Committee suggesting changes be…Read More
The purpose of this article is to clarify what a lien release bond is and how it works.
Lien Release Bonds Generally
The typical scenario impacting contractors is one where your company, as a subcontractor, is not paid on time by…Read More
When money gets tight on a construction project, there are usually many different parties scrambling to protect their interest. One of the fundamental disputes on divvying up the money boils down to an argument over which secured party gets their…Read More
One of the questions routinely asked by mechanics lien claimants is whether or not attorneys fees (or other fees) can be added to the amount listed on the lien document. This is a reasonable request, getting a lien filed can…Read More