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Mechanics' liens in South Carolina. (Construction Corner).
Introduction
A mechanic's lien in South Carolina is an encumbrance, like that of a mortgage, on the real estate upon which a project is being built. The lien provides security for payment of persons whose labor and materials have been used in connection with the improvement of the property.
Distinctive Features of Law in State
A 1992 amendment to the mechanic's lien statute established a rather complicated procedure to avoid surprise liens by remote parties. Under the amendment, the contractor can file a "notice of project commencement" with the clerk of court of the county where the project is located within 15 days of commencement of the ...
- National Tax Lien Association Eyes South Carolina Case.
- Newspaper article from: Knight Ridder/Tribune Business News November 14, 2003 700+ words
...said. Tax liens, issued by...of return. South Carolina is one of those...interest. In South Carolina, an investor who buys the tax lien gets 3 percent...a year. "South Carolina, candidly...that buy tax liens. Few are individuals...
- Mechanics' Liens in South Carolina: 2000 Overview and Update.(Brief Article)
- Magazine article from: Business Credit BRAILSFORD, DANIEL T. September 1, 2000 700+ words
...of Mechanics' Liens A mechanics' lien in South Carolina is an encumbrance...being built. The lien provides security...to mechanics' liens, has to be a...to pay off all lien claimants, they...filing of the liens. Continuing advances...
- Fitch Rates South Carolina Transportation Infrastructure Bank Ser 2009A Sr Lien...
- Press release article from: Business Wire September 3, 2009 700+ words
...99.5 million of South Carolina Transportation Infrastructure...Bank (SCTIB) senior lien revenue refunding bonds...series 2009A senior lien revenue refunding bonds...rating on the senior lien revenue bonds reflects...that payments from the South Carolina Department of ...
- The system does work. (National Association of Credit Management Carolinas,...
- Magazine article from: Business Credit Beard, Rod April 1, 1997 700+ words
...of General Contractors (AGC) in South Carolina had introduced a bill to change the mechanics lien law. This change would have been...construction industry. The lien law of South Carolina allowed a supplier or subcontractor...
- Fitch Rates South Carolina Transportation Infrastructure Bank Rev Bonds 'A'.
- Press release article from: Business Wire August 25, 2005 700+ words
...approximately $230.7 million South Carolina Transportation Infrastructure...revenue bonds (senior lien). The underlying rating...senior lien and junior lien debt service. Fitch...cushion at the junior lien level is much thinner...agreement to be executed by South ...
- Fitch Confirms South Carolina Transportation Infrastructure Bank Revs 'A'.
- Press release article from: Business Wire June 11, 2008 700+ words
...rating on approximately $368 million South Carolina Transportation Infrastructure Bank...outstanding SCTIB revenue bonds (senior lien). The 2003B bonds were initially...which are paid to the bank by the South Carolina Department of Transportation (SCDOT...
- South Carolina Bank Offers Latest in Long Line of Road Deals.
- Magazine article from: The Bond Buyer DeSue, Tedra November 27, 2001 700+ words
...rating for the senior liens is A1 and A2 for the junior liens. Standard &...to issue the junior lien bonds, according to...we could do junior liens and still have solid...is revenue from the South Carolina Department of Transportation...
- Fitch Rates South Carolina Infrastructure Bank Rev Bonds 'A'.
- Press release article from: Business Wire November 7, 2003 700+ words
...the $284.9 million South Carolina Transportation Infrastructure...Series 2001B junior lien revenue bonds is affirmed...cushion at the junior lien level is much thinner...additional senior or junior lien debt is currently envisioned...created by an Act of the South Carolina ...