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What Happens to Bond Claim Rights When a Notice is Served but Not Received
What happens to payment bond rights when the required preliminary notice is served but never received? One lucky claimant found out.
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Reduce the Need for Collections with UCC Filings
UCC filing is more than reducing risk; it’s about the opportunity to expand your market, by providing you with security.
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Big Foot, a Unicorn, and a UCC Financing Statement
UCC filings are magical; UCCs grant you a security interest and put you in the best possible position to get paid, in the event your customer defaults.
Blog
Obtain a Copy of The Payment Bond
Getting a copy of the bond up front is prudent. As a best practice, obtain a copy of the payment bond when contracting for the project.
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Blanket Filing or PMSI Filing
A creditor can file a PMSI and Blanket Filing on the same collateral. Unsure which filing your company should be doing?
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The Competitive Advantage of UCC Filings
UCCs create opportunities. UCCs offer additional security, which means you could sell to marginal accounts that were previously out of reach.
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North Carolina Mechanic’s Lien Rights: What is a Lien Agent?
What is the role of the Lien Agent and how could it effect your North Carolina mechanic's lien rights? Learn more from attorney R. Lee Robertson
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Will Safe Harbor Ever Exist for Florida UCC Filings? Zero Tolerance
Safe Harbor couldn't save this UCC. Florida's 'zero tolerance' policy means you must strictly comply with Article 9-503(a). Learn more here!
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Failure to Use the Proper Forms Can Prevent Perfecting Your Security Interest
When preparing documentation to perfect a UCC filing, the requirements may not be too complex, but you must strictly follow the requirements.
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Special Types of Liens: Oil and Gas Liens
The question: “Are there special types of mechanic’s liens?” The Answer: YES! Some include Oil, Gas, Mineral, Wells, and Quarries.
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UCC Filings: Does DBA Matter?
The most common UCC filing mistake is incorrectly identifying the customer. A misspelling could hurt your security, learn more here.
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UCC Collateral Descriptions – Don’t Be Too Specific or Too Vague
A UCC must include a description of property serving as collateral. Find out how being too vague or specific could jeopardize your security.