Escrow & Title
In North Dakota, a 'notice of completion' serves what purpose?
AIt certifies that an appraisal is complete
BIt informs lienholders that construction work has been completed, affecting the deadline for filing mechanic's liens✓ Correct
CIt authorizes the release of escrow funds
DIt certifies that all closing documents have been signed
Explanation
A notice of completion signals that construction work is done, which starts the clock on the deadline for filing mechanic's liens. After the deadline passes, unpaid contractors can no longer file valid mechanics' liens.
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