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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.

Arkansas Lien & Bond Law Changes in 2021

Residential Mechanic’s Liens and Payment Bonds for Public Projects Arkansas recently passed two House Bills. HB 1835, which changes the notice requirement for residential contractor’s lien, and HB 1855, which revises the bonding procedure for...

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UCC 9-503(a) and a Creditor’s Security Interest

UCC 9-503(a), Its Frenemy 9-506, and the Fate of One Creditor’s Security Interest In a recent Chapter 12 bankruptcy case, two creditors competed for...

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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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