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AR HB1768

Bill

Official Source

Status

Introduced

3/17/2021

Primary Sponsor

Bruce Cozart

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 18-44-115(a)(8) to clarify when notice requirements do not apply to residential contractor liens
  • Exempts transactions from 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 a transaction where the property owner orders materials or services directly from the lien claimant
  • Excludes home improvement contractors and residential building contractors from qualifying as direct sales under the definition in Arkansas Code § 17-25-502

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

WITHDRAWN BY AUTHOR

4/1/2021

Committee Referrals

Insurance and Commerce3/17/2021

Full Bill Text

No bill text available