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December 7, 2018
Don’t ignore contractor licensing requirements; your mechanic’s lien rights may depend on it. Sounds a bit like a public service announcement, right? Well, it should. Don’t let the mistakes of …
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December 5, 2018
The Credit Research Foundation publishes their National Summary of Domestic Trade Receivables (NSDTR) to its membership base and those corporations that contribute their data to the survey. The outputs compare …
December 3, 2018
In legal decisions, the court relies on the “plain text” of statute when it issues a decision. Interpreting plain text can be a challenge when seemingly innocuous words force us …
November 30, 2018
What happens to a security interest when the collateral description within the Financing Statement says, “see attached Security Agreement,” but the Security Agreement isn’t filed with the Financing Statement? The …
November 26, 2018
The accuracy of your Security Agreement can make or break your properly perfected security interest. Compliance with Article 9 of the Uniform Commercial Code must be precise. Don’t fall victim …
November 16, 2018
A properly perfected security interest is nothing without a collateral description. In fact, it’s not properly perfected at all – it’s unperfected. A properly perfected security interest requires compliance with …
November 13, 2018
The National Lien Digest provides critical time and information requirements for mechanic’s lien and bond claim rights in each state and province. In addition to statutory requirements, quick reference guides …
November 12, 2018
The Miller Act is federal statute that requires payment bonds on projects contracted by the United States. We’ve previously discussed the Miller Act, but this post is going to take …
November 9, 2018
What is Lis Pendens? No, she’s not the girl from your high school geometry class. Lis Pendens is a formal notification of a pending legal action. For example, in Alberta, …
November 5, 2018
Never underestimate the value and necessity of documentation supporting your mechanic’s lien claim. When assisting our clients with mechanic’s lien filings, we always review backup documentation. Backup documentation may include …
November 2, 2018
Earlier this year, Ontario rolled out its first wave of changes to its Construction Lien Act. Now, New Brunswick is getting in on the mechanic’s lien re-vamp action with proposed …
October 29, 2018
How much money makes a mechanic’s lien claim excessive or frivolous? According to one Nevada court, $1,371,187.44. In this case, the subcontractor filed a lien for $2,117,602.78, which was contested …
Education Center
Education Center