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Three Lock Box

Paperless and transparent construction disbursements

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FAQ

DO I HAVE TO FULLY FUND MY PROJECT?

Not necessarily.  Three Lock Box is capable of accommodating incrementally funded projects if your deal allows it.  This is not available for tenant improvement projects, however.

I ALREADY HAVE PROJECT MANAGEMENT SOFTWARE.  CAN I STILL USE THREE LOCK BOX?

The Three Lock Box system does not replace your existing workflow. It strictly manages the disbursement process.  In some cases, Three Lock Box can allow your software to comply with Nevada Law.

HOW DO I ACCESS THE THREE LOCK BOX SYSTEM?

When you are invited onto a project, you will receive an invitation email from Three Lock Box with a link for you to click to enroll on the project. When you want to access the project after you have enrolled, go to threelockbox.com. Click the Login button, and then enter your email address and password.

CAN I GRANT ACCESS TO MY PARTNERS?

Yes, you can grant view-only access to any user you choose. However, only the authorized agent can manage your lock box.

I HAVE RECEIVED AN EMAIL INVITING ME ONTO A PROJECT. HOW DO I ENROLL?

Click the link provided in the email and it will direct you to the enrollment page. You will have to provide information for the system, and you will have to electronically initial and sign an Enrollment and Control Agreement. After that, you will be enrolled on the project and you will be able to manage your lock box and apply for funds.

WHAT ABOUT LIEN NOTICES AND LIEN RELEASES?

The Three Lock Box system generates and serves pre-lien notices, and conditional and unconditional lien releases on your behalf.

WHAT ABOUT 1099S?

Three Lock Box provides 1099-MISC, 1099-INT, and 1099-NEC after January 1st of each year pursuant to IRS rules.

I STILL NEED HELP. WHAT DO I DO?

Call Three Lock Box at 702-990-0119. We can answer your questions about using our system. We also can assist you using a virtual session.

I WOULD LIKE TO SEE MORE. WHAT DO I DO?

Call Three Lock Box at 702-990-0119. We can demonstrate the platform for you and answer other questions you may have.

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What is Construction Control?

Construction control, also referred to as voucher control or funds control, takes the risk out of construction projects by ensuring that project payments are made on a timely basis and that all required lien releases are executed and collected.  Three Lock Box takes project disbursements to the next level with its high-tech, easy-to-use platform, making it Nevada’s most innovative construction service.

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Resources

  • State of Nevada Department of Business & Industry Division of Mortgage Lending
  • Nevada Revised Statutes Chapter 627 Construction Controls
  • Nevada Revised Statutes Chapter 108 Mechanic’s and Materialmen’s Liens
  • Nevada State Contractors Board

Disclaimer

Three Lock Box, LLC CEO, Noah G. Allison, and CFO, Michelle L. Allison, are also practicing attorneys with The Allison Law Firm Chtd. The Three Lock Box Platform and Service are for construction control and escrow services and do not constitute legal advice. Unless you or your company has engaged The Allison Law Firm Chtd. by executing a Fee Agreement, Mr. Allison, Ms. Allison, and the Allison Law Firm Chtd. are prohibited by attorney ethical rules from providing legal representation to any Registered User, Registered Viewer, or Visitor.

Contact Us

2260 Corporate Circle Suite 490, Henderson, Nevada 89074
(702) 990-0119
info@threelockbox.com

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