North Carolina Launches Online Lien Agent System
LiensNC Protects Purchasers & Lenders on New Construction
RALEIGH, N.C.--(BUSINESS WIRE)-- Protecting innocent purchasers and lenders from "hidden" lien rights is about to improve. Changes to North Carolina's mechanics' lien law take effect April 1st. A new online application, LiensNC.com, assists buyers, lenders, closing attorneys, owners, contractors and subcontractors by providing a transparent system for identifying who has lien rights for new construction projects commenced after March 31, 2013.
Owners will now appoint a mechanics' lien agent, who will track contractors and subcontractors who choose to file a notice that they are "on the job" and want to preserve their lien rights in the property being improved.
"LiensNC, LLC, is excited to provide this web-based system to protect buyers and lenders on new construction and to give contractors, subcontractors and suppliers a user friendly, real-time way to protect their potential lien rights," said Nancy Ferguson, Vice President of Chicago Title Insurance Company. "This effort was begun in response to significant lawsuits and losses statewide from hidden liens on new construction."
LiensNC was developed to provide full disclosure to property owners, contractors, and other interested parties. It will list the people providing goods and services to a private property construction project who wish to preserve their lien rights. LiensNC will assist with preventing liens on properties by providing a centralized source for project participant information.
"We are pleased to provide this service and bring convenience to the North Carolina lien agent appointment process," said LiensNC Director of Operations, Kim Tanner, employee of NIC Services, LLC. "We look forward to continuing to enhance the system to deliver even more efficiencies to the process," said VP of NIC Services, LLC, Mukesh Patel.
For more information about LiensNC, visit http://www.liensnc.com. The online service is a product of a partnership between the LiensNC, LLC and NIC Services, LLC managed by the eGovernment firm, NIC Inc. (NAS: EGOV) .
About LiensNC, LLC
LiensNC, LLC is a joint venture of the nine title insurance underwriters who provide most of the title insurance coverage in North Carolina. The mission statement of the LLC: "Working to protect mechanics' lien rights and provide transparency of information related to real property law through quality and professional services."
NIC Inc. (NAS: EGOV) is the nation's leading provider of official government portals, online services, and secure payment processing solutions. The company's innovative eGovernment services help reduce costs and increase efficiencies for government agencies, citizens, and businesses across the country. NIC provides eGovernment solutions for more than 3,500 federal, state, and local agencies in the United States. Additional information is available at http://www.egov.com.
About NIC Services, LLC
In 2006, NIC created the wholly owned subsidiary NIC Services in order to develop consolidated government payment services for all of NIC family of companies. This experience has allowed NIC to develop a system of operational best practices that encompass the full lifecycle of payments, from origination to disbursement to reporting. These practices allow NIC to deliver secure, reliable, and enterprise payment solution for numerous federal, state, and local entities.
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