North Carolina’s Mechanics’ Lien and Bond Laws – Part 1
This article by Attorney Lee Peindl is one of a series of articles that focuses on legislation affecting North Carolina’s Mechanics’ Lien and Bond Laws. It is adapted from Attorney Lee Peindl’s seminar on Lien Law changes.
Latest Legislation Affecting North Carolina’s
Mechanics’ Lien and Bond Laws
There are two pieces of legislation enacted by the North Carolina Senate and House, respectively, that modify and add provisions to North Carolina’s Mechanics Lien and Bond laws contained in Article 2 of Chapter 44A of the General Statutes.
- Senate Bill 42 was drafted and introduced by the title insurance industry and introduces an entirely new concept to North Carolina (but not some other states) – the Lien Agent. Several other states require the use of a lien agent, namely Virginia.
- House Bill 1052 was crafted by construction industry stakeholders and contains less controversial modifications to the current lien and bond law scheme.
A few of the changes contained in these new laws take effect immediately, some take effect on January 1, 2013, and some take effect April 1, 2013.
We will examine this topic in further detail in upcoming blog posts.
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