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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.

What Are Joint Check Agreements?

What Are Joint Check Agreements? No, it has nothing to do with twisting your arm while depositing a check at the bank, although I’m certain some may believe this to be true. A Joint Check Agreement is an agreement between multiple parties, allowing...

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Debtor Name Errors in UCC Filings

The Impact of Debtor Name Errors in UCC Financing Statements Perfection of a security interest involves drafting and executing a sound security...

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No Preliminary Notice? No Mechanic’s Lien for You

No Preliminary Notice? No Mechanic’s Lien for You About 40 states require a preliminary notice be served upon the owner of the property on which the...

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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...

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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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