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A consignment agreement itself is not enough – it is best to file a UCC with the consignment agreement to create a security interest in the goods.

Conditional lien waivers are preferred, because the “conditions” provide the creditor with leverage, in the event payment is not received or does not clear.

Leveraging a UCC filing in the collection process is significantly more effective than attempting to collect without any leverage.

Supply houses often overlook a powerful tool when trying to get paid. The UCC can be a faster and more effective collection tool.

Typically, the Notice of Commencement contains the vital information necessary for inclusion into the preliminary notice.

Mistakes happen – best efforts are made, and an appeals court recently decided best efforts were enough to recover through the lien process.

Even a small mistake in a preliminary notice can greatly hinder your chances of recovery. Make sure to include a proper estimate in your notice.

If you had 30 seconds to give a credit professional advice on reducing risk, what would you say? Secure your A/R with UCCs and Liens.

Collecting a past due receivable can be difficult, but if your collector has the necessary documentation, debt recovery becomes easier.

When a party fails to name the true owner in the notice of intent to file a lien, what happens to the validity of the mechanic’s lien?

Your UCC filing acts as a lien on the business, therefore, before title passes from one party to another, the lien should be acknowledged & either settled or renegotiated.

The Carmack Amendment was the adoption of uniform guidelines used to determine who is liable for goods that are damaged during transit.