Jeff entered into a building contract with Mike under which Jeff agreed to construct a garage on Mike's lot for $$60,000.$ Lumber Supply Company supplied the lumber at Jeff's request, but when Jeff failed to pay for the material within a few weeks after it was supplied, the company filed a construction lien for $$30,000$ against Mike's property. When Mike is notified of the registration of the lien, he must hold back the amount of the lien, or whatever funds he has in his hands at the time, if they should be less than the amount of the claim.

True or False