Credit Tips Blog: Discover the Latest Industry Insights

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.

The court was tasked with determining whether a supplier had to file multiple liens for materials provided to a mixed use, two phase project.

Mexico instituted amendments to their secured transaction law. These amendments better align Mexico’s secured transactions with UCC Article 9.

A payment bond is a promise of payment and a performance bond is a promise of performance. Learn more when you read this post.

Always file your PMSI at the time the security agreement is executed. The UCC has no impact on your customer’s credit or day to day operations.