HB451 Alabama 2014 Session

Sponsors

Session

Regular Session 2014

Title

Liens, priority of liens, mechanics liens, procedure for termination of a notice of commencement by a contractor, Secs. 35-11-211 am'd.

Description

<p class="bill_description"> Under existing law, a lien may be declared by certain persons who perform work on certain real or personal property</p><p class="bill_description"> This bill would provide for the priority of future advances made pursuant to a future advance mortgage over the liens of persons who perform work on real property when the mortgage is recorded prior to a notice of commencement</p><p class="bill_description"> This bill would provide that a mechanics' or materialman's lien would only apply to real property if it is recorded in the county where the property is situated and preceded by a notice of commencement</p><p class="bill_description"> This bill would provide the procedure for the termination of a notice of commencement by a contractor</p><p class="bill_entitled_an_act"> To amend Section 35-11-211, Code of Alabama 1975, relating to liens; to provide for the priority advances made pursuant to a future advance mortgage over liens created under this section; and to add Sections 35-11-210.01 and 35-11-210.02 to the Code of Alabama 1975, to require a notice of commencement be recorded in the county where the real property is situated as a condition to establishing priority of a mechanics' or materialmen's lien; and to provide the procedure for the termination of a notice of commencement by a contractor. </p>

Subjects

Liens