The California legislature is also in the process of tweaking its statutory scheme — see this blog post from the “Government Contracts Advisor” blog.
According to the post, California’s goal for these revisions is to “modernize, simplify, and clarify the law, making it more user friendly, efficient, and effective for all stakeholders.” Among other changes, it appears that California is standardizing industry lien waiver forms — much like the proposal the General Assembly is now considering. But it also appears that California is going a step further than North Carolina by requiring GC’s to file preliminary notices to lenders, ostensibly to address the “hidden lien” problem discussed in my blog post yesterday.
Interesting stuff. Again, I will continue to keep you posted on developments with North Carolina’s ongoing legislative efforts.
N.C. Construction Law, Policy & News 