Construction industry professionals may or may not be aware that there is currently a bill pending in committee in the Texas House of Representatives that would completely overhaul the mechanic's and materialman's lien process in Texas. Those who are aware may be asking themselves and their colleagues whether they should give this bill their support. Read on for an in-depth summary of the most sweeping changes proposed by HB 3065 and how those changes could affect the lien process and rights of contractors, subcontractors, and material suppliers.
1. What are the Terms of the Contract?
Mechanic's liens exist to protect the rights of construction professionals and to help ensure they are properly compensated for work or materials they have provided. While the purpose liens serve is beneficial, maneuvering through the process in Texas can be complicated and tricky. To get you started with understanding the basics, the construction attorneys at The Cromeens Law Firm, PLLC, answer these five questions: