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Blog

Changes for Securing Lien Rights in Pennsylvania Coming 2016

New Notice procedures in Pennsylvania become effective for qualifying projects commenced on or after the date the online Construction Notices Directory become operational (scheduled for December 31, 2016).
Blog

Ontario PPSA Amendments

The 2006 amendments to Ontario’s Personal Property Security Act (PPSA) are set to become effective by the end of the year.
Blog

California 20 Day Notice

If you're furnishing to a construction project in California, you should serve the preliminary notice within 20 days from first furnishing. However, there are nuances.
Blog

NTO-Phobia: the Fear of the Preliminary Notice

A preliminary notice (sometimes referred to as a Notice to Owner (NTO) or Notice to Customer), shouldn’t upset anyone, especially if the intent of the document is properly explained.
Blog

What is a Notice of Termination of Notice of Commencement?

Aside from a mouthful when trying to say it three times fast, the Notice of Termination of Notice of Commencement is a recorded affidavit that terminates/extinguishes an existing Notice of Commencement.
Blog

Can Supporting Documentation Make or Break Your Claim?

Maintaining documentation is important - not only for proceeding with secured transactions, but simply as a good business practice.
Blog

A Primer on the Primary UCC Forms

1, 3, 11… Confused counting? Of course not, silly, these numbers identify the various types of UCC filings under Article 9 of the Uniform Commercial Code (UCC).
Blog

Carelessness is Worse Than a Lien Waiver Thief

A subcontractor discovered the high price of carelessness when the court honored executed unconditional lien waivers and vacated it's lien.
Blog

Reduce the Need for Collections with Liens

A preliminary notice is a low cost proactive alternative to the reactive high cost and high stress associated with collections. It pays to be proactive.
Blog

Furnishing to a Property that’s Leased? Serve the Owner & the Tenant

If you are furnishing to a property that is being leased, both the fee owner and the owner of the leasehold interest (lessee/tenant) should be served with the notice.
Blog

Lien Waiver Language: Unconditional

Unconditional lien waivers can be dangerous if blindly signed, as the signor is waiving all rights to further remedy regardless of whether or not payment has cleared.
Blog
closed lap top computer with eyeglasses on top

Creditor’s OMEGA Mistake Started with Collateral Description

Article 9 allows a creditor to list collateral as “all assets” on the financing statement, but the creditor must provide a more thorough collateral description within the Security Agreement.