News Maker - INDIANA

INDIANA -  Senate Bill 436 sponsored by Sen Ronnie J. Alting has been referred to Committee on Civil Law. The Bill, AN ACT to amend the Indiana Code concerning property.   The bill provides that persons that sell or furnish on credit material, labor, services, equipment, or machinery: (1) for the original construction of a single or double family dwelling for the intended occupancy of the owner upon whose real estate the construction takes place, or for the original construction on, alteration to, or repair to any real estate or improvements; and (2) to a contractor, a subcontractor, a mechanic, or anyone other than the owner of the real estate or the owner's legal representatives; must furnish the owner of the real estate with a written notice of the provision of materials, labor, services, equipment, or machinery and the existence of lien rights. Provides that the notice must be: (1) furnished to the owner; and (2) filed in the recorder's office of the appropriate county; not later than 10 days after the first date the materials, labor, services, equipment, or machinery is provided. 

The bill basically reduces the current 60 day timeframe for serving notice to 10 days.


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Saturday, 29 February 2020

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