The General Assembly’s 2014 passage of Act 142 made a major change to the Mechanics’ Lien Law, with an effective date of December 31 of 2016.
Owners of projects with a contract sum of $1.5 Million or more have the option to register the project on the web-based Directory. If the project is registered within the requirements of Act 142, then subcontractors (which, by definition, include sub-subcontractors and suppliers) will have to take certain steps within a short time frame to preserve their ability to file a lien.
This course will cover:
What projects are subject to the Directory?
What is required of owners and contractors?
What are owners and contractors forbidden from doing?
What must any subcontractor, sub-subcontractor and supplier do so the right to file a lien is not lost?
You will have timely and important information to advise your clients who are owners, developers, contractors, subcontractors and sub-subcontractors, suppliers, lenders and title companies. The session will also complement the DGS launch of the Directory.