Bill Summary for H 925 (2013-2014)

Summary date: 

Apr 16 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 925 (Public) Filed Thursday, April 11, 2013
A BILL TO BE ENTITLED AN ACT TO DIRECT THE LEGISLATIVE RESEARCH COMMISSION TO STUDY METHODS BY WHICH CONTRACTORS AND SUBCONTRACTORS WOULD GIVE NOTICE TO LIEN AGENTS UPON RECEIPT OF PAYMENT IN FULL.
Intro. by Bryan, Stevens.

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Bill summary

Requires the Legislative Research Commission to study mechanisms by which any potential lien claimant (PLC) who has provided a notice to the lien agent would be required to notify the lien agent within 10 days of receiving payment in full for the labor, materials, rental equipment, or professional design or surveying services furnished by the PLC.

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