Calculate the mechanics lien priority: First lien filed June 1st for $25,000, second lien filed May 15th for $18,000, both for work completed April 30th. Which has priority?
Correct Answer
C) Equal priority based on completion date
In Virginia, mechanics liens for work completed on the same project have equal priority regardless of filing order or amount, based on the work completion date.
Why This Is the Correct Answer
In Virginia, mechanics liens for work completed on the same project have equal priority regardless of filing order or amount, based on the work completion date.
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Under Virginia law (Title 54.1), what is the minimum net worth requirement for a Class A contractor license?
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