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NCS COVID-19 State and County Updates
July 29, 2014
In a recent poll, NCS asked credit professionals: “What do you consider your biggest challenge as a credit professional?” 51% responded that their biggest challenge is to “Reduce DSO – …
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July 22, 2014
Information is critical to sound decision making in the construction credit industry. Too often, credit professionals are spending valuable time making calls and scouring the internet looking for project information. …
July 15, 2014
Per Section 9-507(c) of the UCC, the secured party has four months to amend a UCC filing when the debtor’s name changes. If the secured party does not amend the …
July 10, 2014
Here’s a recap of recent statute changes impacting the construction industry throughout the U.S. ALABAMA SB24—PUBLIC WORKS CONTRACTS INCLUDING PROMPT PAY PROVISIONS Click here for legislation. The Change: Effective …
July 8, 2014
When securing your receivables through the Mechanics Lien & Bond Claim process, most often, statutory deadlines are dictated by your first & last furnishing dates and/or completion of the entire …
June 30, 2014
The proper spelling of a debtor’s name on UCC Financing Statement is currently one of the most fervently litigated UCC issues. The UCC Article 9 registry system is designed to …
June 24, 2014
Mechanics Lien laws are rarely straightforward and courts across the nation generally require strict compliance to these often complex statutes. The case of Mel Stevenson & Associates, Inc. v. Giles, …
June 17, 2014
A recent case decided by the Sixth Circuit Court of Appeals, 1st Source Bank v. Wilson Bank and Trust et al., 2013 WL 5942056 (No. 13-5088), provides an example of …
June 9, 2014
It’s hard to believe we are nearly 6 months into 2014! Back in January, we released “RESOLUTION: 10 Tips for 2014 from NCS” (click to download the list). Today we’d …
June 2, 2014
Congratulations! You have taken the proper steps to secure your receivables through the mechanic’s lien process. You’ve checked The National Lien Digest© to confirm you completed the necessary steps within …
May 28, 2014
If a name change by a debtor makes a filed financial statement “seriously misleading,” UCC Section 9-507(c) states the financing statement will only be effective for collateral acquired prior to …
May 20, 2014
Contractors, Subcontractors, Material Suppliers & Laborers throughout the U.S. & Canada understand the Preliminary Notice is often the foundation for securing Mechanic’s Lien & Bond Claim rights. Mechanic’s Lien …
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