• Nevada is a Full Price lien state
•  If a contractor or professional is required by Nevada law to be licensed to perform his work, he may maintain a valid lien only if he is so licensed.
• A lien claimant must provide work, material or equipment with a value of $500 or greater in order to have lien rights.

Notice Speed Bumps

• The Notice of Right to Lien can be done at anytime, but is only effective for work or services performed or materials or equipment furnished 31 days before the date the Notice is given.
• A late notice will trap unpaid funds provided 31 days prior to serving the notice.

Mechanic’s Lien Speed Bumps

• Where a work of improvement involves a multi-family or single family residence, including apartment buildings, the lien claimant, except for laborers, must serve a 15-day Notice of Intent to Lien before recording a Notice of Lien. Service of this residential notice extends the time for recording the Notice of Lien by 15 days.
• The lien claimant must serve a copy of the lien to the owner within 30 days after recording the lien by personal delivery or certified mail.
  To preserve their mechanic’s lien rights, contractors, subcontractors, materialmen and laborers must record A notice of lien within 40 days after the owner records. A notice of completion. If no notice of completion is recorded, a lien must be recorded within 90 days after:
  The contractor, subcontractor, materialmen or Laborer last furnished materials or performed labor, or; Completion of the project [defined as earliest of (i) Owner occupancy, (ii) acceptance, or (iii) cessation of labor for 30 days], whichever is latest.

Foreclosure Speed Bumps

• A late bond claim notice will trap unpaid funds provided 30 days prior to serving the notice.
• If a general contractor has been awarded a contract by the State Public Works Board for any project for new construction, repair or reconstruction of any public building or other public work or public improvement, each of the subcontractors of the general contractor who will perform work on the contract that exceeds $50,000 or 1 percent of the proposed project, whichever amount is greater, shall furnish a bond to the Board in an amount to be fixed by the Board.
  
  
• The contracting body shall furnish a certified copy of any payment bond and the contract for which such bond was given to any person who makes an application for such copy and who submits an affidavit stating that the person:
  

  (a) Has supplied labor or material for the completion of the work provided for in the contract, and that the person has not been fully paid for such labor or material;
  (b) Is the defendant in an action brought on a payment bond; or
  (c) Is surety in a payment bond on which an action has been brought.

• Every such applicant shall pay for each certified copy a fee fixed by the contracting body to cover the actual cost