Priority of Builders Liens Under Bill 52 (1990)
Keywords: builders lien; Builders Lien Act; mortgage; lender; construction; property; claimant; land; value; mechanics lien; priority; advance
This minor report is in the form of a letter to the Attorney General in response to Bill 52 (1990), the Builders Lien Act. The Bill, as introduced, had several issues in it that the Commission felt would operate counter to legislative intentions. The letter requests that section 31 of Bill 52 be reconsidered and modified to be in accordance with the Commission’s 1986 report on the topic.
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