Utah Construction Lien Laws: Lien Legislation 2013

On Monday, February 11, 2013 a committee of representatives from the Construction, Banking and Title Industry met to discuss changes to the State Construction Registry and other Lien and Bond laws.  As a result of the discussions, changes are going to be made to the operation of the Utah State Construction Registry for allowing Banks to payoff Preliminary Notices which have been filed before a Construction Loan has closed.  Additionally, since the State Construction Registry fails to adequately provide for operation of projects where multiple parcels are included in one project or where one parcel includes multiple projects, changes will be made to the State Construction Registry to allow General Contractors and Banks to know and understand the specific Preliminary Notices applying to individual construction projects and to be able to manage their risks appropriately.

Presumably, additional changes to the statute will be made as well.