This bill amends section 713.20 of the Florida Statutes, which pertains to the waiver or release of liens. It mandates that waiver and release forms for liens must include specific language, changing the wording from "may" to "must" in relation to the forms required for progress and final payments. Additionally, it allows lienors to condition the waiver and release on the receipt of funds instead of just the payment of a check, thereby providing more flexibility in transactions.

Furthermore, the bill clarifies that a lien waiver or release that does not closely resemble the specified forms is still enforceable, as long as it does not contain additional terms beyond those outlined in the bill. The effective date for this legislation is set for July 1, 2025.