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Illinois General Assembly seeks to amend mechanic’s lien law
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Legislative Developments
Thursday, April 17, 2014
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The Illinois General Assembly is considering a bill that would amend the mechanic’s lien law by clarifying that an agreement to subordinate a lien under the Mechanic’s Lien Act is against public policy and unenforceable.
Under current law, any contractor or subcontractor who does work on a tract of land has a right to place a lien on the property for the amount due to him or her for the work performed on the property. The parties may not enter into an agreement whereby the contractor or subcontractor waives their right to enforce or claim the lien. The bill would now address the subordination of mechanic’s liens.
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