Wisconsin Lien and Bond Claim Rights
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After several amendments and readings, Florida passed House Bill 331 (effective 10/01/2023) which revised mechanic’s lien and bond laws; including provisions relating to the definition of a contractor, when notices must be served, notarizing forms, and more.
Florida House Bill 331 was introduced in January 2023. This bill was sponsored by the Regulatory Reform & Economic Development Subcommittee, the Civil Justice Subcommittee, and Tobin Rogers Overdorf (R-85). Upon review of the introduced bill, the Regulatory Reform & Economic Development Subcommittee made this comment regarding the direct economic impact on private sector:
“The bill may cause more subcontractors, laborers, and material suppliers to receive compensation for the labor, services, or materials they supply for construction projects, which may have a positive indeterminate impact on the private sector. However, the bill may have a negative indeterminate impact on the private sector by making it costlier to transfer a lien to a payment bond, and an indeterminate impact on the private sector by eliminating and replacing certain alternative forms of security that a contractor working on public project may file in lieu of a payment bond.”
Here are some highlights of the changes.
From The National Lien Digest©, here’s a refresher on the key steps to securing mechanic’s lien and bond claim rights on Florida projects.
Yes, there’s specific statute for payment bonds on private projects!
Florida is a stickler when it comes to following its laws to the letter. Don’t risk losing your security – let our experts help you with your preliminary notices, mechanic’s liens, bond claims, and suit filings. Contact us today!
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