Double payment legislation introduced

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The  short session of the NC General Assembly, which is expected to adjourn around  July 1, is moving at a fast clip.  Identical  bills designed to solve problems concerning double payment, as well as bankruptcy  issues for subcontractors, have been introduced in the NC Legislature: H 1052 is in House Judiciary Subcommittee B and was scheduled to be heard on June 6. S 864 is in Senate Judiciary I.  The Carolinas AGC is leading efforts to try to reach a satisfactory solution to the  issue that is acceptable to the construction industry.

Another version of the Hidden Mechanics Lien attachment was  distributed last week in a meeting with title insurer and bank representatives.  Carolinas AGC has expressed concern about this version.   Additional background on the proposal to change the state’s lien and bankruptcy statutes found here.

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