Senate Bill No. 934 Summary

• Requires all persons providing labor, materials, or services for residential construction to record a "notice of intent to perform" or "notice of commencement" with the county recorder to preserve mechanic's lien rights, or be accurately identified in such a recorded notice.

• Establishes that recorded notices must include owner name, recorder's contact information, property legal description, and names of all contractors and suppliers; notices expire after two years unless continued.

• Allows property owners to procure a surety bond as an alternative to the lien process, with bond amount equal to 150% of prior lien claims, preventing liens from attaching to the property.

• Permits conditional and unconditional final lien waivers; unconditional waivers must be in 12-point bold type stating "Unconditional Final Lien Waiver" and waive all lien rights for labor and materials provided.

• Creates criminal penalties for lien fraud: Class B misdemeanor for knowingly refusing to execute a final waiver when no work was performed or full payment received, and Class C misdemeanor for intentionally failing to identify labor, materials, services, and amounts claimed within ten business days of written request.