Appendix G Check List: Owners and Lenders on Payouts

LibraryTurner on Illinois Mechanics Liens (2016 Ed.)
APPENDIX G - CHECK LIST: OWNERS AND LENDERS ON PAYOUTS

A. Require and obtain a proper sworn statement from the contractor before payment. (Section 5 of the Act). Follow Chicago Title and Trust Company's most recent form and insist that all of the information requested in the form be included.

B. Require and obtain from each subcontractor listed on the contractor's sworn statement a sworn statement listing all of the subcontractor's secondary subcontractors. (Section 22 of the Act). Follow Chicago Title and...

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