A. In every instance where an original contractor proposes to contract with a subcontractor or materialman or both for any site improvement, the original contractor shall inform the subcontractor and materialman of:
(1) the name and address of the owner of the residential site;
(2) the name and address of the construction lender lending the funds, if any, and the loan officer who actually made the construction loan, if any, for the site improvement; and
(3) the accurate legal description of the residential site, if available, however in all cases a description of the residential site sufficient for identification.
B. Where a subcontractor contracts with another subcontractor for labor or a materialman to provide materials for any site improvement, he shall, upon request, inform the contractor or materialman of:
(1) the name and address of the owner of the residential site;
(2) the name and address of the construction lender lending the funds, if any, and the loan officer who actually made the construction loan, if any, for the site improvement; and
(3) the accurate legal description of the residential site.
History: Laws 1989, ch. 301, § 4.