SB 477 Modifies the law relating to lien waivers
Sponsor: Wallingford
LR Number: 2252S.02I Fiscal Notes
Committee: Small Business, Insurance and Industry
Last Action: 3/31/2015 - Hearing Conducted S Small Business, Insurance and Industry Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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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.