Requirements for disclosure; owners and construction

lenders. 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.