Here's a look at the Texas statutory changes effective for general contracts executed on or after January 1, 2022.
The Lien Index increased slightly to -9.03% in Q3, up approximately .5% over Q2.
Notice, mechanic's lien/bond claim, and suit deadlines are frequently calculated from your first furnishing date, last furnishing date, and/or the date of entire project completion.
The Lien Index decreased 9.6% in Q2, following two quarters of increased mechanic’s lien activity (Q4 2020 and Q1 2021).
Learn who is a party to the payment bond, who is protected by the payment bond, how to know whether a payment bond has been issued, and when and how a bond claim should be served.
Download this e-book to read 30 of our top commercial credit management tips from our Collection, UCC filing, and Notice & Mechanic's Lien Services.
View this reference to see which states require you to serve a preliminary notice before you can file a mechanic's lien.
View this reference to see which states require you to serve a preliminary notice before you can serve a bond claim.
After a turbulent 2020, the NCS Lien Index (LI) reflected some return to normalcy in the latter quarters of 2020 and Q1 2021.