The project will be financed by JPMorgan Chase Bank. The lender is insisting on at least 30 days to review each payment request. This means payment may be processed 45-days after you turn in a payment application. The lender has also asked that no contractors serve 20-Day Preliminary Lien Notices for the project. A 20-Day Preliminary Lien Notice is the first step to enforce your mechanic's lien rights. If subcontractor does not take this step, they will not be able to enforce a lien against the property. If the construction loan is not converted to permanent financing within 12 months, the owner will be required to extend the loan, which may cost the owner additional money.

Question:

Will you be able to accept the requirements imposed by JP Morgan Chase on this project?

Yes _______ No ________ Explain: