FINAL BILL REPORT

SB 6470

                              C 81 L 90

BYSenators Williams, Lee and Rasmussen; by request of Department of Labor and Industries

Regarding construction lien laws.

Senate Committee on Economic Development & Labor

House Committe on Commerce & Labor

SYNOPSIS AS ENACTED

BACKGROUND:

Current law requires the Department of Labor and Industries to prepare a master document for use both by contractors and construction lenders which provides information to their customers and borrowers about the hazards of lien claims.

Current law seems to imply that one document is to serve both contractors and construction lenders.  While much of the information would appropriately be the same, contractors and lenders feel that slightly different documents would be appropriate.

SUMMARY:

The Department of Labor and Industries is allowed to prepare more than one document to meet the needs of both contractors and lenders so that they in turn can provide information on lien claims to their customers.

VOTES ON FINAL PASSAGE:

     Senate   47    0

     House 97  0

EFFECTIVE:June 7, 1990