An Act relative to notice of contract, dissolution of lien

This bill changes the rules for when construction payment claims (liens) automatically end. It sets specific deadlines: most liens expire 90 days after project completion notices or 120 days after termination notices, unless a claimant files a payment statement. For small residential projects (1-4 homes), a lien can last up to five years if the homeowner files an affidavit confirming no debt exists and records a payment statement. This affects contractors, subcontractors, and homeowners by clarifying when unpaid claims must be formally recorded to remain valid.