Lien Waivers Are More than Just a Piece of Paper
Lien Waivers are common in construction credit & one of the most misunderstood and misused documents. There are four primary types of lien waivers: partial conditional, final conditional, partial unconditional, and final unconditional.
Each waiver has its place in the construction credit industry, though conditional lien waivers are the preferred waiver, because the “conditions” of the waiver provide you with leverage in the event payment isn’t received or doesn’t clear the bank.
In this infographic, we review the four primary types of waivers, identify which states have specific waivers, and identify which states require the waiver to be notarized.Download now