A general contractor files a lien for $45,000 on a commercial property. The lien was filed 85 days after completion of work. Within what timeframe must the contractor file suit to foreclose on this lien?
Correct Answer
C) 12 months from filing
In Georgia, a contractor must file suit to foreclose on a lien within 12 months of filing the lien claim, or the lien becomes void.
Why This Is the Correct Answer
In Georgia, a contractor must file suit to foreclose on a lien within 12 months of filing the lien claim, or the lien becomes void.
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A contractor's employee is injured and files a workers' compensation claim for $45,000. The contractor's experience modification rate increases from 1.0 to 1.3. If the base premium was $8,000, what is the new annual premium?