SENATE BILL REPORT
SB 6470
BYSenators Williams, Lee and Rasmussen; by request of Department of Labor and Industries
Regarding construction lien laws.
Senate Committee on Economic Development & Labor
Senate Hearing Date(s):January 23, 1990; January 25, 1990
Majority Report: Do pass.
Signed by Senators Lee, Chairman; McMullen, Murray, Smitherman, Warnke, Williams.
Senate Staff:Dave Cheal (786-7576)
February 8, 1990
AS PASSED SENATE, FEBRUARY 7, 1990
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.
Appropriation: none
Revenue: none
Fiscal Note: none requested
Senate Committee - Testified: Duke Schaub, AGC