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General Assembly passes lien bill
By: Mecklenburg Times staff reports//July 2, 2012//
Listen to this articleHomebuilders in North Carolina will have to take steps to preserve their right to file a lien against a property owner if a bill OK’d be the General Assembly becomes law.
Contractors, subcontractors and suppliers will have to inform lien agents in writing whenever they begin work on a home or renovation project that costs $30,000 or more, according to Senate Bill 42, which was ratified Thursday.
Under the bill, contractors who fail to notify the lien agent for a property before they begin work will see their lien rights fall behind others in priority, meaning that if they filed a lien against the property they would likely never be paid what they are owed.
As of press deadline, Gov. Bev Perdue had not signed off on the bill.
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