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Big Foot, a Unicorn, and a UCC Financing Statement
UCC filings are magical; UCCs grant you a security interest and put you in the best possible position to get paid, in the event your customer defaults.
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Obtain a Copy of The Payment Bond
Getting a copy of the bond up front is prudent. As a best practice, obtain a copy of the payment bond when contracting for the project.
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Blanket Filing or PMSI Filing
A creditor can file a PMSI and Blanket Filing on the same collateral. Unsure which filing your company should be doing?
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The Competitive Advantage of UCC Filings
UCCs create opportunities. UCCs offer additional security, which means you could sell to marginal accounts that were previously out of reach.
Blog
North Carolina Mechanic’s Lien Rights: What is a Lien Agent?
What is the role of the Lien Agent and how could it effect your North Carolina mechanic's lien rights? Learn more from attorney R. Lee Robertson
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Will Safe Harbor Ever Exist for Florida UCC Filings? Zero Tolerance
Safe Harbor couldn't save this UCC. Florida's 'zero tolerance' policy means you must strictly comply with Article 9-503(a). Learn more here!
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Failure to Use the Proper Forms Can Prevent Perfecting Your Security Interest
When preparing documentation to perfect a UCC filing, the requirements may not be too complex, but you must strictly follow the requirements.
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Special Types of Liens: Oil and Gas Liens
The question: “Are there special types of mechanic’s liens?” The Answer: YES! Some include Oil, Gas, Mineral, Wells, and Quarries.
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UCC Filings: Does DBA Matter?
The most common UCC filing mistake is incorrectly identifying the customer. A misspelling could hurt your security, learn more here.
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UCC Collateral Descriptions – Don’t Be Too Specific or Too Vague
A UCC must include a description of property serving as collateral. Find out how being too vague or specific could jeopardize your security.
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Private, Public, or Federal: The Importance of Project Type for Lien Rights
Learn more about the critical role project type plays in protecting your mechanic's lien and bond claim rights.
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Protect Your Purchase Money Security Interest in Goods
A perfected PMSI can give you priority in goods. But what happens when you don't perfect your PMSI? Read this post to learn more!