Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters
Levelset
AUGUST 25, 2022
Texas lien law: ‘Retainage’ or ‘reserved funds’? In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. Lien for unpaid retainage. Deadline to file a lien on unpaid retainage.
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