Credit Tips Blog: Discover the Latest Industry Insights

Article 9-507(c) of the UCC provides the secured party with a four month window to amend a UCC filing if the debtor’s name changes:

By now it is quite likely you are familiar with, or at least heard of, public-private partnerships; also known as “P3” or “PPP”.

Filing before project acceptance is crucial. Learn the impact of the Gootee Construction v. Atkins ruling on Louisiana bond claim deadlines.

Furnishing dates can make or break your rights to file a mechanic’s lien or serve a bond claim. Should you use a ship or delivery date?

After all, accidentally terminating a UCC filing made JP Morgan an unsecured creditor - a $1.5 billion unsecured creditor.

All parties supplying materials or labor to a construction project should take the steps to secure mechanic’s lien and bond claim rights.

Perform formal searches on any party required to receive a copy of a notice. This goes for liens/bond claims too – you should always confirm the parties within the ladder of supply.

Articles of Incorporation are important because even states make mistakes when indexing entities (more often than you’d think).

Pennsylvania's new notice procedures for qualifying projects take effect when the Construction Notices Directory launches (2016).

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

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.

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.