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Share Affidavit Of No Lien

Aug 6th, 2022

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How to Share Affidavit Of No Lien

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The video tutorial discusses recent changes to the mechanics lien law in Texas, effective January 1, 2022. Three major updates are highlighted: 1. **Filing Deadline Clarification**: The statute clarifies that if a filing deadline falls on a Saturday, Sunday, or holiday, the deadline extends to the next business day, potentially giving contractors a few extra days to file a lien.2. **Notary Requirement Removal**: The law no longer requires an acknowledgment or notary for the statutory lien waiver, which could increase the risk of fraud.3. **Impact on Title and Escrow**: Given the changes, escrow officers must be more vigilant to prevent potential fraud related to these waivers. These adjustments aim to streamline the process while addressing risks in lien waivers.

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