Professional Services Agreements in Construction Live Webinar

Mechanic’s Liens in New York: What You Should Know (OnDemand Webinar)

$149.00

SKU: 411229EAU

Description

Filing a lien can be a daunting task, ensure it is done correctly and avoid loss of lien rights.New York has had a Mechanic’s Lien Law since the 19th Century. Over time, it has evolved somewhat, but is value as a tool for contractors is mixed. It provides a source of funds to pay contractors, but it comes with strict deadlines and other constraints. The NY Prompt Pay Act has supplemented the Lien Law and in certain circumstances is preferable to the Lien Law for contractor claims. This Program will provide a review of the basic current developments in the Lien Law, consider the pros and cons of lien foreclosure actions and the Prompt Pay Act, and assist potential parties in a lien situation on filing strategies, frustrating lienors, and defenses to lien claims.

Date: 2024-02-27 Start Time: End Time:

Learning Objectives

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Summary of the Key Provisions of the Lien Law

Review of Notice of Lien Procedure in New York

Review of Responses to Liens

The Lien Fund

Foreclosing Liens

Differences Between Lien Law and Trust Fund Claims

Impacts of Prompt Pay Act on Lien Litigation

Lien Waivers

Exaggeration and Willful Exaggeration

Judicial Developments in the Lien Law

Strategies in Filing, Frustrating, and Defending Liens

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CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

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Carol A. Sigmond-Greenspoon Marder

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Professional Services Agreements in Construction Live Webinar

Mechanic’s Liens in New York: What You Should Know (OnDemand Webinar)

$79.00

SKU: 409253EAU

Description

Filing a lien can be a daunting task, ensure it is done correctly and avoid loss of lien rights.This topic will help streamline the process by providing insight, priorities, practice points and other considerations on private and public improvement liens. Learn when and where to file liens, contents of a lien and how to service a lien on an owner, contractor, or subcontractor. You will also be provided with an understanding of trust funds and trust fund beneficiaries.

Date: 2021-09-01 Start Time: End Time:

Learning Objectives

Private Improvement Liens
• Who May File?
• Property Subject to Lien
• Lienable Labor and Materials
• Elements of the Mechanic’s Lien
• Time Periods for Filing a Lien
• Notice Requirements and Filing
• Service Requirements
• Duration and Extension of the Lien
• Discharge
• The Lien Fund
• Making Changes • Amendments
• Discovery Devices
• Foreclosure Action
• Willfully Exaggerated Liens

Public Improvement Liens
• Who May File?
• Labor and Materials Covered
• When to File?
• Where to File?
• Content of the Lien
• Service of the Lien
• Duration of the Lien
• Extension of the Lien
• Enforcement of Lien

Lien Law Trusts
• Trustee Not Permitted to Divert Trust Assets
• Definition of Trust
• Trust Fund Beneficiaries
• Books and Records
• Right to Examine Books or to Receive Statement
• Enforcement of Trust

AIA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Charles R. (Chip) Pierce, Jr., Esq.-Tarter Krinsky & Drogin LLP