March 26, 2012: MCA Chicago Seeks Restoration of Mechanics Lien Rights
CHICAGO — The Mechanical Contractors Association of Chicago (MCA Chicago) is urging Illinois legislators to restore the Illinois Mechanics Lien Act to its original intent, reversing an Illinois Supreme Court decision that limits a contractor’s ability to collect on work performed for properties that end up in foreclosure. It is anticipated an amendment to Section 16 of the Act, HB 3636, will soon be reviewed by the full state Senate.
MCA Chicago said a recent decision regarding a single foreclosure made by the Illinois Supreme Court known as “Cypress Creek” significantly changes the terms of payment to contractors and lenders.