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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.

Safe Harbor Won’t Save Your Florida UCC

Florida is serious about UCC filings. A recent Court of Appeals decision left a creditor with an unperfected security interest, when its UCC Financing Statements were deemed Seriously Misleading because it identified its debtor as “1944 Beach Blvd.,...

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Perfecting Security Interests: Avoiding Improper Forms

A Seemingly Minor Error Cost One Creditor $4,153,137.79 When preparing documentation to perfect a UCC filing, the requirements may not be too...

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Special Types of Liens: Oil and Gas Liens

Are There Special Types of Liens? The Short Answer: YES! The question: “Are there special types of mechanic’s liens?” The Answer: YES! Some include...

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UCC Filings: Does DBA Matter?

Does “d/b/a” Really Make a Difference in UCC Filings? One of the most common — and most preventable — mistakes creditors make when creating a...

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Importance of Writing Effective UCC Collateral Descriptions

Avoid Being Too Specific or Too Vague in UCC Descriptions of Collateral The Case: IN RE PROVIDERX OF GRAPEVINE, LLC – BANKR. COURT, ND TEXAS, 2013.

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The Importance of Project Type for Lien Rights

Whether You Protect Mechanic’s Lien or Bond Claim Rights Depends on the Project Type: Private, Public, or Federal If you are supplying materials or...

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Protect Your Purchase Money Security Interest in Goods

What is a Purchase Money Security Interest (PMSI)? Section 9-103 of the UCC defines a PMSI as a security interest in goods that are collateral for an...

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What’s Included in a California Mechanic’s Lien?

What Information Should be Included in Your California Mechanic’s Lien? We serve preliminary notices, file mechanic’s liens, and serve bond claims...

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Bonding Off a Mechanic’s Lien: What Is It?

Bonding Off a Mechanic’s Lien: What Is It & What Does It Mean for You? Once a mechanic’s lien is filed, there is an opportunity for the lien to be...

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Georgia Mechanic’s Liens & Bond Claims

Here’s What You Should Know about Georgia Mechanic’s Liens & Bond Claims Sweet Georgia Mechanic’s Liens & Bond Claims on My Mind. Songs aren’t quite...

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