When must you send a sworn statement of account after making a claim of lien?

The requirement to send a sworn statement of account after making a claim of lien is established to ensure that all parties involved have clear and documented communication regarding the amounts owed. Providing this statement within 30 days after a demand is significant, as it allows the party who made the claim to substantiate their claims and make it easier for account resolution.

Sending the sworn statement within this timeframe ensures compliance with regulations that govern lien claims, emphasizing the need for transparency and accountability. This also protects the claimant’s rights, as it formally acknowledges the request for account details and initiates a process for potential dispute resolution. It establishes a firm timeline that can help prevent misunderstandings and encourage prompt responses, fostering a fair business practice.