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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.

Past Due Accounts and Commercial Collections

Collections, Collections, Collections It doesn’t matter how it’s said or how often it’s said, the word “collections” often elicits a negative reaction. In fact, a cringe followed by an eye roll and loud sigh is one of the most common reactions. This...

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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”...

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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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Furnishing Dates and Lien Deadlines

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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