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ND HB1251

Bill

Official Source

Status

Passed

4/25/2013

Primary Sponsor

George Keiser

Click for details

Origin

House of Representatives

63rd Legislative Assembly

AI Summary

  • Increases the dollar threshold for repairman's liens requiring notice to mortgage/financing statement holders from $1,000 to $4,000
  • Increases the percentage threshold for agricultural or construction property from 25% to 30% of the property's repaired value
  • Increases the dollar threshold for agricultural or construction property from $2,500 to $9,000
  • Requires repairmen to notify lienholders by registered or certified mail of proposed repairs, estimated costs, and estimated property value when thresholds are exceeded
  • Limits lien priority to the threshold amounts if the repairman fails to notify the lienholder or if the lienholder objects in writing within five days of receiving notice

Legislative Description

Repairman's liens.

Last Action

Signed by Governor 04/24

4/25/2013

Committee Referrals

Industry, Business, and Labor1/14/2013

Full Bill Text

No bill text available