MO HB2058

Applies to mechanic's liens against residential real property (excluding owner-occupied properties of four units or less, which are governed by existing law).

Requires claimants to record a notice of rights with the county recorder of deeds at least five calendar days before the property's intended closing date to preserve mechanic's lien rights, or forfeit all lien rights.

Requires property owners to record a notice of intended sale at least 45 calendar days before closing and provide claimants with notice and legal property descriptions within five calendar days of request.

Specifies the required form and content for notices of rights, including claimant information, property legal description, contracting parties, and persons performing work or supplying materials.

Establishes procedures for releasing property from mechanic's liens through substitute collateral (cash deposits, letters of credit, or surety bonds) at 150% of the lien amount, with the claimant's rights transferring to the collateral instead of the property.