We have not been paid on a large private project, when working through the stop notice process on levelset it appears it should be a bonded stop notice. Is that correct?
If there is a construction lender, you may need to secure a bond to accompany your stop payment notice in order to compel the lender to withhold funds (it also creates a statutory right to attorney's fees for the prevailing party).
A stop notice does not need to be bonded.
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