Commercial real estate is affected by new surety legislation in North Carolina. The new law is named HB 174 and implements measures for filing liens on commercial real estate which allows a surety bond equivalent to 125% of the amount of the lien claim to be used to release the lien. HB 174 became effective October 1, 2011.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.