A new law was enacted on February 23rd, 2009 in the state of Alabama concerning a release of lien bond. Titled HB 1594, the new law decreases the quantity of the surety bond required to challenge a lien for labor or materials on property from twice the quantity of the lien claimed to an amount equivalent to the claim. HB 1594 was enacted on 03/18/2009.
Alabama Release of Lien Bond
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Category: Commercial Bonds, Misc. Commerical Bonds, Surety News
Tags: AL, alabama, bond requirements, legislation, Release of Lien Bond, surety bond
Surety Bond Blog: Alabama Release of Lien Bond http://www.jwsuretybonds.com/blog/alabama-release-of-lien-bond
Comment by JW_Surety_Bonds (JW Surety Bonds) — February 1, 2010 @ 2:35 pm