2004 Senate Bill 1371

Revise construction lien law

Introduced in the Senate

Sept. 9, 2004

Introduced by Sen. Ray Basham (D-8)

To revise various provisions of the law authorizing construction liens on residential property, including licensure fees paid by builders and licensed trades that go into the homeowner construction lien recovery fund. Among other changes, the bill establishes that a lien may only be for the principle amount of any damages, not for any interest or delay penalties.

Referred to the Committee on Economic Development, Small Business, and Regulatory Reform