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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.

Payment Bonds vs. Performance Bonds

Payment Bonds vs. Performance Bonds In this corner we have an $8.4 million bond, created & executed to protect you in the event the principal does not pay as promised! Please welcome PAYMENT Bond! And in this corner, we have an $8.4 million bond,...

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The Importance of Filing Your PMSI Timely

The Importance of Filing Your PMSI Timely: When is a Purchase Money Security Interest (PMSI) Perfected? A PMSI is considered fully perfected once you:

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Demand Letters and UCC Filings

Demand Letters and UCC Filings

What You Should Know about Demand Letters & UCC Filings The demand letter is often overlooked as a collection tool for UCC filers, but it can be a...

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Demand Letters and Mechanic’s Liens

What You Should Know about Demand Letters and Mechanic’s Liens A demand letter is a strongly worded request for payment, most often served upon your...

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Supplying Rental Equipment to a Construction Project

3 Things to Know if You’re Supplying Rental Equipment to a Construction Project Although great strides have been made within the last several years,...

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Two Questions to Ask Before Releasing a Mechanic’s Lien

Always ask yourself these two questions before you release a mechanic’s lien

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The Benefit of UCC Filings

The Benefits of Secured Transactions and Article 9 of the Uniform Commercial Code The subjectivity in evaluating credit worthiness magnifies the need...

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Problems with Preliminary Notices

Here Are 5 Mistakes Commonly Seen with Preliminary Notices Securing your mechanic’s lien and bond claim rights often begins with serving a...

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Top 5 Mistakes in Security Agreements

UCC Filings: Top 5 Mistakes in Security Agreements In an earlier post we discussed the art of drafting a perfect security agreement and today we’d...

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Utah’s State Construction Registry (aka SCR)

Preliminary Notices: Understanding Utah’s State Construction Registry (aka SCR) Securing mechanic’s lien and bond claim rights, in the state of Utah,...

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