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NCS Credit Blog

Stay up to date with the latest articles on Collections, Notice & Mechanic's Liens, UCC Filings, and Industry Trends for your business.

Changes for Texas Lien Claimants Effective January 2022

*Post updated 6/16/2021 to include official enactment*

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Changes to Iowa Mechanic’s Lien Law in Effect January 2022

What are the Changes? Iowa Governor, Kim Reynolds, has signed HF 561 into law. The bill contains two key changes to Iowa’s mechanic’s lien law....

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New York Tolling the Lien Line

For Whom the Mechanic’s Lien Deadline Tolls; New York Mechanic’s Lien Extended Did the March 20, 2020 Executive Order issued by Governor Andrew Cuomo...

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Wyoming House Bill Further Defines a Digital Asset

Wyoming House Bill Further Defines a Digital Asset In 2019, Wyoming was the first state to enact blockchain-enabling laws, and to clarify the...

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Minnesota Prelien Deadline is 45 Days, Not 72 Days

Minnesota’s Prelien Notice Deadline is 45 Days, Not 72 What happens when your preliminary notice is late? In Minnesota, you may lose your mechanic’s...

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Warranty Work Doesn’t Extend Washington Lien Deadline

Does Warranty Work Extend the Mechanic’s Lien Deadline? Not in Washington We are frequently asked whether punch list or warranty work will extend the...

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Construction Project Liens: Federal, Public, or Private

It’s Important to Know the Project Type: whether a Project is Private, Public, or Federal Construction projects generally fall into one of three...

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UCC Terminated without Authorization

UCC Terminated without Authorization, Do You Still Have a Perfected Security Interest? To have your UCC filing terminated without authorization is...

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Can You Revive a UCC Filing?

Can Your UCC Filing be Revived if You Knowingly Let It Become Unperfected? Can a UCC be “revived” if you knowingly fail to timely file an amendment...

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Loves Furniture Bankruptcy & Mechanic’s Liens

Loves Furniture, Taking Mechanic’s Liens to the Mattresses In January 2021, Loves Furniture, Inc. (Loves) filed for Chapter 11 bankruptcy protection....

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