NV Attempts to Strengthen Mechanic’s Lien Laws Several changes are pending with the Nevada Materialman’s and Mechanic’s Lien Law. The changes appear to be headed for confirmation by the end of the legislative session. The proposed amendments to the current lien law are outlined below. The changes severely increase the liability of contractors, while removing […]
Priority issues relating to mechanics liens can be confusing, to say the least. While statutes generally address these issues, and courts attempt to clear up any ambiguities, new uncontemplated circumstances arise on a daily basis, resulting in in ever more confusion. In 2011, the Nevada Supreme Court tackled yet another of these novel issues, hearing […]
As reported by the Las Vegas Sun on March 3, 2011:“The Nevada Supreme Court has ruled that a bank has priority in collecting on its deed of trust after two multimillion-dollar, 20-story condominiums defaulted on their loan in Las Vegas. The court said Corus Bank had a preceding place over a mechanics lien, filed by […]
In past blogs we have highlighted recent case law in Montana and Nevada that permitted priority to construction liens where visible work was performed on a property prior to the issuance of a construction loan. In this blog, we’ll take a look at another State’s rules on priorities of liens where work was performed before […]
Yesterday we posted a blog about the Nevada Supreme Court’s ruling on priority of Nevada Mechanics liens over mortgages in situations where a bank has actual knowledge that a contractor commenced work, but there is no “visible” work being performed on the property. In that case, the Nevada court ruled that actual knowledge of work […]
