SSB 6740 -
By Senator Shin
On page 1, after line 27 of the amendment, insert the following:
"NEW SECTION. Sec. 2 A new section is added to chapter 18.27 RCW
to read as follows:
No prime residential contractor shall commence or maintain any
action to enforce or to compel arbitration regarding payment of the
final five percent of the contract price of any contract between the
contractor and a residential homeowner for the construction,
alteration, remodel, or other improvement of the residential
homeowner's residence until after:
(1) Ninety days after the last date that work was performed on, or
goods were supplied to, the homeowner's residence by any potential lien
claimant retained by the prime residential contractor on behalf of the
homeowner; or
(2) A lien release has been provided to the homeowner by all
potential lien claimants, other than the prime residential contractor,
that provided goods or services to or on behalf of the homeowner;
whichever occurs earlier."
Renumber the remaining sections consecutively and correct any internal references accordingly.
SSB 6740 -
By Senator Shin
On page 27, line 24 of the title amendment, after "18.27.340;" insert "adding a new section to chapter 18.27 RCW;"
EFFECT: Prohibits a prime residential contractor from requiring last 5% of contract from a residential homeowner until all lien releases are provided or the 90-day limit for initiating a lien claim, whichever occurs first.