Steps to Protecting Your Interests Under Mechanic’s Line Or Stop Notice Statutes
I.GENERAL CONTRACTOR AND SUBCONTRACTOR AND SUPPLIER
First Step:
Prepare and Serve Preliminary Lien Notice
Who
When
Why
What
Second Step:
Execute Lien Releases with Caution
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What
When
Why
Third Step:
Record Mechanic’s Lien
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When
What
Why
Fourth Step:
Prepare and Serve Stop Notice
Fifth Step:
Foreclose on Mechanic’s Lien and/or Enforce Stop Notice
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What
When
Why
II.OWNER
First Step:
Consider Obtaining a Payment Bond
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When
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Why
Second Step:
If Applicable Consider Recording Notice of Non-Responsibility
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What
When
Why
Third Step:
Obtain Lien Releases
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What
When
Why
Fourth Step:
Record Notice of Completion or Notice of Cessation
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What
When
Why