Michael Roth

Sheppard Mullin Richter & Hampton LLP

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Mechanics Lien Subordination: Illinois Further Limits Construction Lenders’ Ability To Ensure Priority Against Mechanics Liens

On July 16, 2014, Illinois enacted Public Act 98-764 (Senate Bill 3023) (“SB 3023”), which amends the Illinois Mechanics Lien Act (770 ILCS 60/ et seq.) (the “Act”) to prohibit subordination of mechanics liens on Illinois...more

9/19/2014 / Construction Contracts , Construction Industry , Construction Loans , General Contractors , Mechanics Lien , Mortgages , New Legislation , Subcontractors , Subordination

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Michael Roth

Sheppard Mullin Richter & Hampton LLP

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Latest Posts › Construction Contracts

Mechanics Lien Subordination: Illinois Further Limits Construction Lenders’ Ability To Ensure Priority Against Mechanics Liens

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