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Convert Affidavit Of No Lien to PPT

Convert Affidavit Of No Lien to PPT

Aug 6th, 2022

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How to Convert Affidavit Of No Lien to PPT

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The video discusses recent changes to the mechanics lien law in Texas, effective January 1, 2022, particularly focusing on three major updates. First, the filing deadline for liens remains unchanged, but it has been clarified that if a deadline falls on a Saturday, Sunday, or holiday, the next business day will be the new deadline, potentially granting contractors extra time to file. Second, there is no longer a requirement for an acknowledgment or notary on the statutory lien waiver. While this change simplifies the process, it also raises concerns about potential fraud, requiring escrow officers to be more vigilant. These updates are part of chapter 53 of the Texas Property Code.

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