New Jersey Construction Lien Law Revisions Clear First Hurdle

Contributor: Cole Schotz

SUMMARY: Last week (on Monday, June 21, 2010), the New Jersey Assembly unanimously passed the long-awaited revisions to the New Jersey Construction Lien Law (N.J.S.A. 2A:44A-1, et seq.) (the “Lien Law”). Next up is the parallel Senate bill which, after its introduction in early May 2010, was referred to the Senate Commerce Committee, where it is expected to remain for review until the Fall. The proposed Lien Law revisions, based almost entirely on the March 2009 final report of the New Jersey Law Revision Commission, seek to fill the gaps in, and improve on the practical application of, the original 1993 Lien Law.

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DOCUMENT INFO

Doc Type:
Legal Article/Newsletter

Published: 6/30/2010
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Legal Article/Newsletter Name:
New Jersey Construction Lien Law Revisions Clear First Hurdle

Legal System: United States

Subject Matter:
Construction Law
Finance & Banking