Sen. Don Ipson
Official bill purpose:
This bill amends provisions related to wrongful liens:
- Expands the definition of “wrongful lien”;
- Provides that if a reinvestment fee covenant or transfer fee covenant is a wrongful lien, the reinvestment fee covenant or transfer fee covenant is invalid; and
- Makes technical changes.
Read bill details on the official state site.
Association notes/why we’re tracking this:
SB 196 Wrongful Lien Act Amendments is another in the long history of efforts to deal with wrongful liens being recorded to cloud title to real property. Seems to be a bill we should support; monitoring for impact.
Association posture on the bill:
Monitoring for impact