Acret's California Mechanics Lien Laws 2012

Acret's California Mechanics Lien Laws 2012 is a unique book that clarifies new changes in the California Mechanic’s Lien Law by providing comparisons of the old statues with the new changes so readers can easily cross reference the changes and ensure compliance.

Mechanic’s liens are a fact of life for contractors if they want to assure they get paid. Acret's California Mechanics Lien Laws 2012 explains the many changes in the Mechanic’s Lien law resulting from Senate bill 189 which becomes effective July 1, 2012.   These changes attempt to standardize the mechanic’s lien notice requirements and modify key terminology to make requirements clearer for all parties involved. Actions have been modified in the setting up of a mechanic’s lien, stop payment notice, or payment bond remedy. Starting July 1, 2012 all lien waiver forms must comply with the new statutes.   Acret's California Mechanics Lien Laws 2012 contains information on how to stay in compliance, as well as what changes have occurred in the mechanics lien law such as:

• Subcontractors cannot waive lien rights of others by contract
• Clarifies that the direct contractor must provide a preliminary notice to the construction lender
• Penal sum of mechanic’s lien release bond now 125% of claim instead of 150%
• Owner may now seek expedited hearing for liability on stop payment notice
• Notice of Completion may be recorded within 15 days of completion.