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NCS COVID-19 State and County Updates
September 21, 2020
A review of the mechanic’s lien document, via LienFinder™, confirms one general contractor is owed over $200M, and various subcontractors are owed an additional $2.5M, after furnishing to a project …
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September 14, 2020
Purchase Money Security Interest (PMSI) Filings were created to encourage trade creditors to sell goods on credit terms, specifically in situations when creditors may not be comfortable extending the requested …
August 31, 2020
In June, 24 Hour Fitness, a national gym chain, filed for Chapter 11 bankruptcy protection; another business casualty courtesy of COVID-19. Although the bankruptcy filing isn’t a surprise, since 24 …
Starts Oct 6, 2020 | 01:00 PM
Worried about customers filing bankruptcy? Concerned about extending credit to marginal accounts? UCC filings secure collateral in agreement with your customer’s promise to pay.
Starts Oct 20, 2020 | 01:00 PM
Worried about extending credit for construction projects? Unsure how to minimize your risk? By understanding the basics of mechanic’s lien and bond claim laws, you can learn how to secure …
Starts Oct 29, 2020 | 01:00 PM
Extending construction credit for projects in Florida, Georgia, Michigan, Ohio, Pennsylvania, South Carolina, and Utah? These states require a Notice of Commencement, the utilization of a State Registry system, or …
“NCS identified the account as inactive with the state. Subsequent conference calls with the CFO of our customer found that the customer was ‘very close to running out of cash …
“We were getting a $300,000 order ready for a project and I ran a quick search in LienFinder on my customer and the GC. Nothing came back in the search …
“I didn’t know anything about mechanic’s liens. We’d be in the difficult situation of not being paid and someone would ask ‘can we file a mechanic’s lien?’ and realize we …
Download this quick read to get your lien waiver questions answered! Questions include what information should appear within a lien waiver, whether a conditional lien waiver can actually be an …
Personal Guarantees are common in credit. However, Personal Guarantees may not be enough. Download this flipbook to learn more about how UCC filings can enhance Personal Guarantees.
Do you know there are 19 states that require a preliminary notice be served to protect bond claim or public improvement lien rights? A common misconception is that preliminary notices …
A quick query in LienFinder™ uncovered several liens filed between May & July with claims in excess of $7,000,000, including over $4,000,000 in a lien by a general contractor. (The …
Over 76% of survey participants reported they have increased collection efforts and 62% are monitoring their customers for bankruptcy. Has your credit granting process become more stringent?
LienFinder™ is an online database that captures construction project data nationwide, from hundreds of recording offices daily. Locate essential project information and avoid potential payment risks, through the review of …
In this NCS Extra Credit installment, Jerry Bailey (Executive Sales & Education Services Manager) compares personal guarantees and UCC filings.
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In this NCS Extra Credit installment, Heather McLaughlin (Notice & Mechanic’s Lien Specialist) explains 1st furnishing, last furnishing and completion.
In this NCS Extra Credit installment, Marla Zurlo (Senior Account Representative) reviews mechanic’s lien rights on residential projects.
Education Center
