For those of you following the proposed revisions to the NC lien law that is currently at the NC House Judiciary Subcommittee B, a quick update: the proposed bill (HB 489) is unlikely to be voted on this legislative session due to its unpopularity with several constituency groups, including both the AIA-North Carolina and the NC Home Builders Association.
According to NC Bar Association Construction Law section chair, Nan Hannah, a vote is unlikely in this legislative session. However, there is the potential for a study commission to continue the conversation and discuss alternative lien law changes that might satisfy all constituents.
Such a study commission will only occur is Subcommittee Chairman Paul Stam hears from those in the industry that such a study commission is desired. In addition to the Construction Section of the Bar, the American Subcontractors Association of the Carolinas supports the idea, as do other industry groups.
Please see full article below for more information.
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