SB 477 – Modifies the law relating to lien waivers

• Sponsor: Wallingford
• LR Number: 2252S.02I
• Committee: Small Business, Insurance and Industry
• Last Action: 3/31/2015 - Hearing Conducted S Small Business, Insurance and Industry Committee
• Effective Date: August 28, 2015

Current Bill Summary

SB 477 - This act provides that any waiver or release of a lien claim is valid and enforceable only to the extent that it waives or releases the amount of the payment actually received by a lien claimant for work done up to the point that such waiver or release is granted.

SCOTT SVAGERA