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Mechanic's liens in Iowa. (Construction Corner).

Business Credit

| July 01, 2002 | Ullem, Benjamin B.; Fatino, John F. | COPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

INTRODUCTION

Iowa's mechanic's lien statute is a unique creature and does not draw from other statutes (be it state or federal) although the courts will most likely be open to the receipt of persuasive authority to the extent the case law construes similar provisions. In addition, the Iowa mechanic's lien statute has undergone a number of changes in recent years. When used in accordance with the statute, the Iowa mechanic's lien statute is an effective tool for the collection of funds due the contractor or subcontractor.

DISTINCTIVE FEATURES OF LAW IN STATE

Iowa construes the mechanic's lien statute in favor of the lien holder to promote ...

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