Texas Modifies Lien Law Notarization Law, Clearing the Way for Construction IndustryOn June 15, 2021, Texas Governor Greg Abbott signed Senate Bill HB 2237, making several notable changes to lien laws in the state of Texas.
What changes pertain specifically to the Construction Industry? Those within the industry are already familiar with the complex world of contractor’s, mechanic’s, and materialman’s liens. Per these new adjustments, notarization is no longer a requirement for lien waivers, providing much needed administrative relief to the construction industry in Texas. These changes to the Texas Property Code took effect on January 1, 2022. To see all changes to this law, visit the Texas Legislature’s website.
The removal of the notarization requirement allows Texas Title Companies, Lenders, and General Contractors to significantly reduce the time and administrative lift of obtaining lien waivers and move toward a completely digital lien waiver collection and management process. Texas construction professionals now have access to what most states have enjoyed: A fully streamlined lien waiver gathering and storage process!
Sekady’s easy-to-use, yet robust platform enables Title Companies, Lenders, and General Contractors to collect and manage invoices, gather lien waivers digitally, and pay Subcontractors and Vendors – all while providing visibility to all parties involved in the project. Budget-tracking, summary reports, disbursement controls, and more are included.
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DISCLAIMER: This article is intended to be informational and nothing in this article is intended to be legal advice. Readers should engage a licensed attorney to address specific legal questions.