Mechanic's Lien & Payment Bond Rights in
Virginia, Maryland and D.C.
Tuesday, April 20, 2010 • 10 am - 2 pm
National 4-H Youth Conference Center
Chevy Chase, MD 20815
with
James D. Fullerton, President, Fullerton & Knowles, P.C. |
|
What is a Mechanic’s Lien? Why are Mechanic’s Lien security rights so important in the collection of Construction industry accounts? Learn about prefiling requirements before work is performed, notice requirements after work is complete and the enforcement of mechanic’s lien rights.
When is work "complete" to establish your filing deadline? How can your company "track" mechanic’s lien rights to make sure you do not miss deadlines? How can you trace your materials to show that they were incorporated into the property and how can you allocate your materials between multiple properties. Remote Contractors must know which states have a “defense of payment,” requiring the owner or general contractor to pay for a project only once.
Will your lien survive a bankruptcy or a sale of the property? The “priority” of your lien compared to other claimants or the construction lender can often determine whether you get paid. Finally, we will discuss common problems with Mechanic’s Lien waivers and how to avoid inadvertently signing away your security rights.
- Learn how to verify the existence of a payment bond and the financial strength of the surety before you grant credit.
- How do you make an effective bond claim, while recognizing and avoiding pitfalls?
- What will motivate a surety company to promptly pay claims in full? How can you avoid frustrating delays?
|
Schedule:
10:00 am - 1:00 pm Program
1:00 pm - 2:00 pm Lunch (included in fee)
Directions
From Baltimore:
Take I-95 South to I-495 West (toward Silver Spring). Take Exit 33(Connecticut Avenue/MD-185) toward Chevy Chase. Turn left at Connecticut Avenue to 4-H Youth Conference Center on right.
From Washington:
Take I-495 East (toward Silver Spring). Take Exit 33 (Connecticut Avenue/MD-185) toward Chevy Chase. Turn left at Connecticut Avenue to 4-H Youth Conference Center on right.
PREPAYMENT IS REQUIRED FOR ADVANCED REGISTRATION
CANCELLATION POLICY
Cancellations received by April 16th will receive a full refund. No refunds will be given after April 16th |
|
|
|
