Bonds and Payments of Illinois Mechanics Liens

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Bonds and Payments of Illinois Mechanics Liens

Bonds and Payments of Illinois Mechanics Liens

Are you up-to-date with the Illinois bond and payment procedures and the new ”bonding off” statute? This topic is designed for project owners, contractors, architects, engineers, vendors and others in the construction industry. You will learn the rules applying to releases and waivers of mechanics liens. You also will study ways to secure payment for public projects, including the bond requirements. You also will be introduced to the new Illinois “bonding off” statute, court procedure and alternative dispute resolution. Although this topic is not aimed to attorneys, it will serve as an introduction to the subject matter for those attorneys who do not regularly practice in the area.

Learning Objectives

  • You will be able to describe the steps you must take to foreclose on your lien claim.
  • You will be able to identify using the right language in lien waivers.
  • You will be able to discuss the steps you can take to assure payment for public projects.
  • You will be able to explain the procedures for bonding off a mechanics lien claim.

  • Want to find out more?

    Who should attend?

    This live webinar is designed for attorneys, presidents, vice presidents, construction managers, project managers, architects, engineers, contractors, subcontractors, lending professionals, business owners and managers, developers, controllers and accountants.

    Training content

    • Releases and Waivers of Mechanics Liens
    • How Do You Release Your Lien Claim?
    • What Are the Differences Among Lien Waivers?The New Illinois Bonding off Statute
    • What Is the Purpose of This New Statute?
    • How Do I Do It?
    • Can a Bond off a Lien Before a Lawsuit?Public Projects; Enforcing Payment
    • Can I Lien Public Property?
    • What Bonds Are Necessary for Public Construction in Illinois?
    • What Is the Miller Act?Foreclosing on the Lien
    • How Do I Start a Lawsuit?
    • What Is Discovery?
    • How Does a Trial Work?Alternative Dispute Resolution
    • What Is Mediation?
    • What Is Arbitration?
    • How Binding Is Arbitration?


    The cost of this Bonds and Payments of Illinois Mechanics Liens live webinar is $199 per participant.

    About Lorman Education Services

    Lorman Education Services

    Lorman Education Services - Live and On-Demand Webinars

    With more than 27 years spent educating over 1.4 million professionals, Lorman has the experience and expert instructors you need to stay ahead no matter the position or profession. Search from the many courses listed here or contact the customer...

    Read more and show all training delivered by this supplier

    Request info

    Fill out your details to find out more about Bonds and Payments of Illinois Mechanics Liens.

      Contact the provider

      Get more information

      Register your interest

    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

    Request Information

    Have a question about this course? Fill out this form and the provider will get in touch with you shortly

    View again
    Supplier Directory
    Join our Supplier Directory to:
    - Gain Traffic
    - Get Noticed
    - Showcase Your Services
    - Free Listing Available