Gain It…..Claim It…..Tame It

Gain It….Claim It….Tame It

LienCounsel’s Process for Liens and Bond Rights

There are three critical steps in protecting your lien and bond rights: gaining the right, making the claim, and enforcing it. At LienCounsel, we simplify it as, Gain It - Claim It - Tame It. 

Gain It

In order to secure or ‘gain’ your lien or bond rights, you have to meet the initial notice requirements. In most states, that involves filing a Preliminary Notice or a Pre-lien within a specific timeframe. 

Keep in mind that each state has their own timeframe for when a Preliminary Notice has to be filed. If your state doesn’t require a Preliminary Notice, it is still recommended to send a non-statutory notice in its stead in order to help facilitate timely payments. 

Claim It

The next step is to ‘claim’ your lien or bond rights by filing a lien or serving a bond claim. Just like a pre-lien has a deadline to file, so does filing a lien or serving a bond claim. 

Each state has their own timeframe for when a lien can be filed. The deadline for filing a lien ranges from 60 days - 6 months. 

Again, it is important to make sure you know the deadlines for filing in your state so you don’t miss these crucial deadlines and make getting your money harder than necessary. 

Tame It

The last step is to ‘tame’ your lien or bond, which means that you enforce your lien right. This can be as simple as getting paid or sending a demand letter to as difficult as getting involved in a lawsuit to claim that money. 

If you do have to file a lawsuit keep in mind that each state has their own deadline for when a lawsuit has to be filed after a lien is put in place, which ranges from 1 month - 2 years, so make sure that you know what your state’s requirements are. 

At LienCounsel we help companies Gain It - Claim It - Tame It.