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
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
3
Q
Workers include:
A
Mechanic, material man, contractors, subcontractors, builders, architects, etc.)
Broker is NOT included
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