Mechanic's Lien Flashcards

1
Q

Notice must be filed within:

A

45 days after completion, and will expire 90 days after lien is attached

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2
Q

Date of Completion:

A

The time when owner/general contractor completes publication of “notice of completion” (affidavit) to the Circuit Court. If not published then it will be based on one year after physical completion or abandonment

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3
Q

Workers include:

A

Mechanic, material man, contractors, subcontractors, builders, architects, etc.)

Broker is NOT included

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4
Q

Probable cause hearing

A

Court hearing to determine if the claim has probable cause(valid), after the hearing contractor has 90 days to collect compensation or foreclose on the property

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