Lien Waiver for contractor

[Allison Ezzi]

HI BP!

I am trying to get a better understanding of lien waivers and how they work. I get the overall concept but recently we learned that the state of North Carolina changed things and now requires a lien waiver agent? Is anyone familiar with lien waiver agents?

We are working with a private "lender" who wants lien waivers for draws on a construction loan.

Not a very exciting topic ...but please do share any advice...thank you!

Allison