An Alabama contractor files a mechanics' lien for $15,000 on a residential project. What is the required bond amount to contest this lien?
Correct Answer
B) $22,500
Under Alabama lien law, the bond amount to contest a mechanics' lien must be 150% of the claimed amount: $15,000 × 1.5 = $22,500.
Why This Is the Correct Answer
Under Alabama lien law, the bond amount to contest a mechanics' lien must be 150% of the claimed amount: $15,000 × 1.5 = $22,500.
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