IN HB1021 | 2020 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on February 4 2020 - 50% progression, died in committee
Action: 2020-02-17 - First reading: referred to Committee on Rules and Legislative Procedure
Pending: Senate Rules and Legislative Procedure Committee
Text: Latest bill text (Amended) [PDF]
Status: Engrossed on February 4 2020 - 50% progression, died in committee
Action: 2020-02-17 - First reading: referred to Committee on Rules and Legislative Procedure
Pending: Senate Rules and Legislative Procedure Committee
Text: Latest bill text (Amended) [PDF]
Summary
Liens. Permits a person to discharge a mechanic's lien by filing an indemnification, payment, or cash bond with the recorder's office in an amount equal to at least 150% of the lien or $7,500, whichever is greater. Requires the surety responsible for issuing an indemnification or payment bond to: (1) be authorized to do business in Indiana; and (2) be rated at least "A-" by at least one nationally recognized investment rating service. Specifies certain requirements concerning the recording of an indemnification or payment bond. Provides that the filing of a bond discharges the property and liability of a person served by a lien claimant not less than 30 days after the filing of a bond. Provides that a contractor or subcontractor may adjudicate the adequacy of a bond in certain instances. Provides that the liability of a person served by a lien claimant may not be discharged while the adequacy of a bond is being adjudicated. Repeals the current statute concerning the filing of a written undertaking to discharge a lien.
Title
Liens.
Sponsors
Roll Calls
2020-02-03 - House - House - Third reading (Y: 60 N: 33 NV: 1 Abs: 6) [PASS]
2020-01-27 - House - House - Committee Vote (Y: 11 N: 0 NV: 0 Abs: 2) [PASS]
2020-01-27 - House - House - Committee Vote (Y: 11 N: 0 NV: 0 Abs: 2) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-02-17 | Senate | First reading: referred to Committee on Rules and Legislative Procedure |
2020-02-04 | House | Referred to the Senate |
2020-02-03 | House | Senate sponsor: Senator Freeman |
2020-02-03 | House | Third reading: passed; Roll Call 153: yeas 60, nays 33 |
2020-01-30 | House | Second reading: ordered engrossed |
2020-01-28 | House | Committee report: amend do pass, adopted |
2020-01-23 | House | Representative DeLaney added as coauthor |
2020-01-06 | House | First reading: referred to Committee on Judiciary |
2020-01-06 | House | Authored by Representative Torr |