New Mechanics’ Lien, Stop Notice, and Payment Bond Laws
For those in the construction industry, the success of collection efforts is often dependent upon a valid mechanics lien, stop notice, or payment bond claim. If your clients rely on these payment remedies (or need to protect against them), then you must know about all the new Mechanics Lien Statutes which go into effect on July 1, 2012. The California legislature rewrote the statutes (new code numbers) and gave us new definitions in the construction legal world (“direct contractor,”) and changed the standard forms and procedures for all claims. This presentation will summarize the changes in the laws, notice procedures, and statutory forms.