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Does MHDC require lien waivers to be submitted for funds paid directly to vendors?

April 26, 2017directly funds lien mhdc paid require submitted vendors waivers

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Does MHDC require lien waivers to be submitted for funds paid directly to vendors?

1 Answer

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Yes Lien waivers are required, but MHDC has eliminated the lien waiver form that was required to be sent back to MHDC. Now, MHDCs Loan Servicing Department stamps a lien waiver on the back of the vendors check, and the vendor must fill out the lien waiver prior to deposit.