Mechanic's liens are a fact of life if you want to assure that you get paid. This book explains the many changes in the Mechanic's Lien law resulting from Senate bill 189 which became effective July 1, 2012. These changes attempt to standardize the mechanic's lien notice requirements and modify key terminology to make requirements clearer for all parties involved. Actions have been modified in the setting up of a mechanic's lien, stop payment notice, or payment bond remedy. From July 1, 2012 onward, all lien waiver forms must comply with the new statutes.
Here you'll find how to stay in compliance, as well as what changes have occurred in the mechanics lien law such as:
- Subcontractors cannot waive lien rights of others by contract
- Notice of completion now can be filed within 15 days of completion
- Clarifies that the direct contractor must provide a preliminary notice to the construction lender
- Penal sum of mechanic's lien release bond now 125% of claim instead of 150%
- Owner may now seek expedited hearing for liability on stop payment notice
- Notice of completion may be recorded within 15 days of completion
This unique book clarifies new changes in the California Mechanic's Lien Law by providing comparisons of the old statues with the new changes so that you can easily cross reference the changes and make sure you keep on the right side of the law.
Make sure that you get paid should you file a lien in California by staying current with new changes in the California lien law.