News & Analysis as of

Pennsylvania Amends Mechanics’ Lien Law To Create Online State Construction Notices Directory

The Pennsylvania Legislature recently passed, and Governor Tom Corbett signed into law, Act 142 amending the Mechanics’ Lien Law of 1963 to create the State Construction Notices Directory. The Directory, which is slated to...more

7 Ways To Manage The Credit Risk Of A New Customer

Get the project information up front - You should ask your customer for the owner’s name and address, the location of the project, a copy of the payment bond (if any), and the general contractor’s name and address (if...more

What Must a Secured Creditor Do to Get Its Due?

Last month, the Fifth Circuit Court of Appeals ruled that a secured creditor’s claim survives bankruptcy where the secured creditor received notice of the case and was found to have not actively participated in it. Acceptance...more

Lien on Me? A Synopsis of South Carolina Lien Law

What is a Mechanic’s Lien? In South Carolina, construction liens, called mechanic’s liens, are automatically created by statute to protect anyone “to whom a debt is due for labor performed or furnished or for materials...more

The Construct - Your Guide to Law in the Construction Industry - June 2013

In This Issue: - Simplifying the Mechanic's Lien Agent Process: NC's New Online Clearinghouse - The Complexities of Mechanic's Liens in West Virginia - I Did The Work -- Where Is My Check? - So, You're Having...more

Lien Filing Update: Virginia Mechanic’s Liens Get Even Harder

As many contractors and lawyers know, filing a proper mechanic’s lien in Virginia is quite difficult. Virginia law provides that a mechanic’s lien must strictly comply with all of the provisions of the code. Because the...more

Mortgagees: Don’t Lose Collateral — Take Action To Ensure You Receive Notice Of Pending Tax Deed Sales

Summary: Mortgagees and other lienholders whose proper address does not appear in a recorded mortgage or lien may not receive notice of a pending tax deed sale and may therefore lose collateral. A recent Florida court held...more

Changes Taking Effect to North Carolina Lien and Bond Laws

The rules are changing when it comes to North Carolina lien and bond laws. And, the new provisions are substantially altering the way in which all parties involved in lien rights – from owners, buyers, and sellers to general...more

CFPB Amends Requirements for Providing Appraisals to Home Loan Applicants

The Consumer Financial Protection Bureau (“CFPB”) has issued amendments to Regulation B requiring creditors to provide to applicants free copies of all appraisals and other written valuations developed in connection with an...more

The Benefits of Crossing Your T's and Dotting Your I's

When I was a child, a long long time ago, I learned the importance of paying attention to detail. While I will not bore you with the details of my adolescence and the shenanigans that forced my parents to drive home this...more

Practical new requirement pertaining to registering a Construction Lien against a condominium project

After a condominium is registered, it is a complicated and costly process to register a construction lien for work done on the condominium project. However, the Construction Lien Act now requires that developers and builders...more

Changes to North Carolina Lien and Bond Law – What You Need to Know

A number of significant changes to North Carolina’s lien and bond statutes were just signed into law. In part, these changes are in reaction to concerns from the title insurance industry about so-called “hidden” liens, the...more

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