On this episode of The Lien Zone Podcast, we delve into crucial 2023 updates to Florida’s Lien Law, focusing on the impact of the newly introduced finance charges and the changes around calculating holidays and weekends when determining lien rights deadlines.
We begin by exploring the introduction of “Finance Charge,” a contractually specified additional amount that the obligor must pay if any balance remains unpaid by the due date stipulated in the credit agreement or contract. This new provision overturns a previous legal case that prohibited lienors from recovering finance charges and clarifies that the interest rate in your contract or credit application is recoverable.
The second part of our discussion zooms in on the changes related to calculating deadlines for asserting lien rights. We break down how holidays and weekends will now factor into this timeline and what this could mean for contractors, subcontractors, and other parties involved in the construction project.
Stay tuned as we continue to unpack more updates in Florida’s Lien Law in our upcoming episodes. Be sure to follow us on our construction site and our social media, including LinkedIn, for continuous updates.
About Alex Barthet
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com.
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