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AR HB1750

Bill

Official Source

Status

Passed

4/3/2017

Primary Sponsor

Bruce Cozart

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 18-44-115(a)(8) to clarify when notice requirements for liens on residential real estate do not apply
  • Exempts transactions from lien notice requirements if the residential contractor supplies a performance and payment bond or if the transaction is a direct sale to the property owner
  • Defines a "direct sale" as occurring only when the property owner orders materials or services directly from the lien claimant AND the lien claimant is not a home improvement contractor or residential building contractor
  • Specifies that lien rights are not conditioned on delivery and execution of notice in direct sale transactions
  • Approved April 1, 2017

Legislative Description

To Amend The Law Concerning The Notice Of A Lien Upon Residential Real Estate; And To Clarify The Meaning Of A Direct Sale.

Last Action

Notification that HB1750 is now Act 808

4/3/2017

Committee Referrals

Insurance & Commerce3/20/2017
Insurance and Commerce3/1/2017

Full Bill Text

No bill text available