The bill revises the laws related to actions for foreclosing a lien by introducing new requirements for filing a notice of action. Specifically, it mandates that a person who has filed an action against a contracting owner must file a notice of action to foreclose the lien with the clerk and recorder no later than 90 days after the expiration of the limitation period. This notice must include the identification of the parties involved, the court where the action is located, and the date of the filing of the complaint, along with a copy of the complaint attached.

Additionally, the bill stipulates that if a person fails to file this notice within the specified 90-day period, the lien will be discharged. This amendment aims to ensure timely communication regarding foreclosure actions and to clarify the consequences of failing to adhere to the new notice requirements.

Statutes affected:
LC Text: 71-3-562
HB0465_1(1): 71-3-562
HB0465_1: 71-3-562