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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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Change in Georgia Lien Law

Constructlaw

This new law, which is codified at Title 44, Chapter 14, Section 366 of the Official Code of Georgia Annotated, substantially changes the way Georgia interprets statutory interim and final lien waivers. A lien waiver will do only that – waive liens against the subject property. Change in Law. ALA Constr. O.C.G.A. § 44-14-366(a).

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Missed Your Lien Deadline – What Now?

Construction Law Monitor

True: deadlines dictate when it comes to securing your lien rights. In the construction world, there is no doubt that the deadlines for securing your lien rights are rigid and unforgiving. If you have not filed your lien by the applicable date, you have relinquished that right permanently. The “Back Door Lien”.

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Mechanics Lien and Bond Claims Best Practices

Best Practices Construction Law

While I generally limit my guest posts to my fellow law partners, I simply could not resist sharing with you today's post from my friend and construction attorney, Scott Wolfe, Jr. He is the founder of Zlien.com , a national mechanics lien filing and compliance management service. I hope you enjoy. + + + + + + + + + + + +.

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Commercial Debt Collection – How Do I Collect When A Company Owes Me Money?

Construction Law Monitor

The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. You have a pre-debt fact gathering and document filing stage, as the first phase.

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Minor Changes To Mississippi Mechanic Lien Laws Now Effective

Construction Law Monitor

Since Mississippi is a very close neighbor of Louisiana, and many of our readers do construction work in both states, we have a history of posting about laws and changes in the laws of that state. In a nutshell, the law makes two changes: Previously, the law provided that suits to enforce liens must be filed in circuit court.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

To grow a construction business, contractors often pursue larger projects. Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Scope of work compared with past projects.

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