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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.

2 min read

Crafting a Perfect Security Agreement for Your UCC Filing

The Art of Drafting an Impeccable Security Agreement for Your UCC Filing Today we take a field trip to the Museum of Art and examine “Starry Night” by Vincent van Gogh. At first glance, “Starry Night” may look like a child swirled a paint brush...

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Customer Defaults? Your UCC Filing Can Help You Recover

How Do I Recover? Congratulations, you filed a UCC to position yourself as a secured creditor! Unfortunately, your customer has defaulted on...

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Liens on Funds, Stop Notices, and Public Improvement Liens

What Are Liens on Funds, Stop Notices, and Public Improvement Liens? A Lien on Funds (in some states referred to as a stop notice or public...

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Articles of Incorporation: Not Just for Name Verification

Articles of Incorporation: Not Just for Name Verification Do you know that if your customer changes their name you must amend your UCC filing or your...

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Understanding Furnishing Dates and Lien Deadlines

Understanding Furnishing Dates and Lien Deadlines: First, Last, and Completion When securing your receivables through the Mechanics Lien & Bond Claim...

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Impact of Accurate Debtor Names on UCC Security

Omission of “Inc.” Left Security Interest Unperfected The proper spelling of a debtor’s name on UCC Financing Statement is currently one of the most...

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Critical Role of Preliminary Notice in Mechanics Liens

Oklahoma Case: Lack of Preliminary Notice Leads to Invalidated Mechanics Lien Mechanics Lien laws are rarely straightforward and courts across the...

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Collateral Description in UCC Filings: a Case from Tennessee

Collateral Description in UCC Filings: a Case from Tennessee A recent case decided by the Sixth Circuit Court of Appeals, 1st Source Bank v. Wilson...

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Notice to Commence Suit and Summons & Complaint

You’ve Received a Notice to Commence Suit and Summons & Complaint Congratulations! You have taken the proper steps to secure your receivables through...

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Importance of Monitoring Debtor Name Changes on UCC Filings

How Can Creditors Protect UCC Filings from Name Changes? If a name change by a debtor makes a filed financial statement “seriously misleading,” UCC...

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