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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.

Prelien Notice Mistake Invalidates Mechanic’s Lien

Prelien Notice Mistake Invalidates Mechanic’s Lien in Minnesota Today’s case is an unfortunate example of how one contractor lost its mechanic’s lien rights because its preliminary notice failed to meet the requirements outlined by Minnesota’s...

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How To Find a Construction Law Attorney

How to Find an Attorney that Understands the Intricacies of Construction Law You sent your preliminary notice; your customer’s invoices became past...

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North Carolina Notice to Lien Agent

North Carolina: the Lien Agent & the Notice The mechanic’s lien law in North Carolina experienced a rather large change in April 2013: the...

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Protect Your Consignment Sales

Protect Your Consignment Sales with UCC Filings If you allow customers to have possession of goods under a “consignment” agreement prior to the...

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Recovery via Judgment Liens

Will I Ever Receive Payment on Old Judgment Liens and Mechanic’s Liens? Will you receive payment on old judgment and mechanic’s liens? Short answer:...

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Serve Notice After First Furnishing

Serve the Preliminary Notice AFTER You Begin Furnishing Did you know some states require the preliminary notice to be served after you begin...

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Accurately Indexed UCC Filing

Accurately Indexed UCC Filing: Conduct a Reflective Search After Every UCC Filing Obtaining a reflective search is the best practice to make sure the...

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Bankruptcy Payout Priority – Secured Creditors Make Bank

Bankruptcy Payout Priority – Secured Creditors Make Bank As a credit professional, you’ve likely heard this once or twice: “It’s better to be a...

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What is Subordination?

Avoiding Potential Pitfalls When Entering into a Subordination Agreement What is Subordination? Subordination is “the process by which a creditor...

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Small Mistake High Price in Mechanic’s Liens

In the Field of Mechanic’s Liens, a Small Spelling Error has Large Price Tag Mechanic’s Lien laws are notoriously complex and courts across the...

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