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Full Price Vs. Unpaid Balance Liens (DR)

Full Price Vs. Unpaid Balance Liens (DR)
Digital Replay: Some states—31 states to be exact—have provisions that limit an owner’s liability to subcontractors and suppliers to unpaid funds of the job’s original contract amount. If the owner pays the general contractor prior to the lien being filed, lien rights can be reduced or eliminated altogether. This session is designed to help construction credit professionals understand the risk associated with maintaining security on job accounts in an unpaid balance lien state and the steps they can take to protect themselves. We’ll also discuss states where owners can be made to pay twice and the importance of serving notices that would protect this right.

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