Sec. 34.35.114. Obligation of claimant and lender to provide information.

243 words·~1 min read·/ak/title-34/chapter-35/34-35-114

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A prime contractor, on request, shall provide the following information within five days to any person entitled to claim a lien through the prime contractor:

(1)a description of the real property being improved sufficient to identify the property;

(2)the name and address of the owner with whom the prime contractor contracted;

(3)the name and address of the lender providing construction financing; and

(4)whether there is a payment bond and, if so, the name of the surety.

(b)At the request of any person who may claim a lien through a claimant other than a prime contractor, the claimant shall provide, within five days, the name of the person who contracted for the furnishing by the claimant of the labor, materials, services, or equipment from which a lien claim may arise.

(c)A person who receives a stop-lending notice or notice of right to lien identifying a project for which the person is not the lender shall notify the claimant in writing within 10 days after receipt of the notice that the person is not the lender.

(d)A claimant shall, within 10 days after receipt of a request, provide an owner or lender to whom the claimant has given a stop-lending notice or notice of right to lien a written statement of the amount due to the claimant and unpaid.

(e)[Repealed, § 18 ch 102 SLA 1986.]