A little over a month ago we published a blog article regarding “New Mechanic’s Lien Law Changes Will Keep Construction Loans Flowing in Utah, by Inwest Title, a Utah Title Company”. Since that time we have been waiting for feedback from other industries about the changes that went into effect August 1, 2011.
Some opinions of the new bill are offered in the most recent edition of the Utah Bar® Journal article “Utah House Bill 260: Not your Father’s Mechanic’s Lien Law” (Or view a PDF version of the article, see pgs 16 – 19). This article has an excellent explanation of the difficult issues faced and the innovative solutions created to solve the most pressing mechanic’s lien problems. We encourage everyone to review this well crafted article for a better understanding of the new process and why it was created.
Tags: broken priority