Amend CSHB 740 as follows:
      (1)  On page 28, strike lines 4-13 and substitute the
following:
      "OBTAIN TITLE INSURANCE PROTECTION.  You may be able to
obtain a title insurance policy to insure that the title to your
property and the existing improvements on your property are free
from liens claimed by subcontractors and suppliers.  If your policy
is issued before the improvements are completed and covers the
value of the improvements to be completed, you should obtain, on
the completion of the improvements and as a condition of your final
payment, a 'completion of improvements' policy endorsement.  This
endorsement will protect your property from liens claimed by
subcontractors and suppliers that may arise from the date the
original title policy is issued to the date of the endorsement."
      (2)  On page 28, strike lines 14 and 15 and substitute the
following:
      (c)  The failure of a contractor to comply with this section
does not invalidate a lien under this chapter, a contract lien, or
a deed of trust.
      (3)  On page 29, strike lines 7 and 8 and substitute the
following:
      (c)  The failure of a contractor to comply with this section
does not invalidate a lien under this chapter, a contract lien, or
a deed of trust.
      (4)  On page 29, strike line 27, and on page 30, strike line
1 and substitute the following:
      (c)  The failure of a lender to comply with this section does
not invalidate a lien under this chapter, a contract lien, or a
deed of trust.
      (5)  On page 30, strike lines 26 and 27 and substitute the
following:
      (e)  The failure of a lender to comply with this section does
not invalidate a lien under this chapter, a contract lien, or a
deed of trust.