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NCS Lien Index 2021 Q2
June 21, 2021
In a recent Chapter 12 bankruptcy case, two creditors competed for interest in a piece of farm equipment: a 7215R Tractor. On the UCC Financing Statements, one creditor listed the …
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September 14, 2020
Purchase Money Security Interest (PMSI) Filings were created to encourage trade creditors to sell goods on credit terms, specifically in situations when creditors may not be comfortable extending the requested …
September 17, 2018
The accuracy of critical data within your UCC Financing Statement can make or break your security interest. Unfortunately, one critical piece of data can change quickly and even worse, it …
March 10, 2017
There are many variables to consider when waiving mechanic’s lien rights, including whether the state has specific statutory requirements for waivers. (We’ve previously discussed lien waivers, and you can learn …
March 6, 2017
In a recent court decision, one creditor’s security interest was eliminated because they spelled the individual debtor’s name correctly. Yes, I said “correctly.” Because, in this case, “correctly” and …
February 27, 2017
3-in-3 is a 3 question, 3 minute interview with an NCS colleague. Today’s 3-in-3 features Shannon Dooley of our Collection Services Group. Read on to learn more about why …
August 19, 2016
We focus a great deal of time discussing the UCC process with companies regarding their tangible goods, like the food service and equipment leasing industries, but today we are going …
June 20, 2016
Today’s contribution is authored by Ms. Shannon Dooley, NCS Collection Services Group You may be asking yourself what is meant by a contingent collection. Well, a contingent collection means …
December 1, 2015
One of seven states to originally enact Alternative B, Oregon passed Senate bill 462 switching to Alternative A. The change will take effect on January 1, 2016. According to the Uniform …
August 21, 2015
When was the last time you stopped by the NCS News page to catch up? If you haven’t taken the opportunity, you are missing out on vital information! Learn …
June 17, 2015
UCC Update: Oklahoma is the last state to select the individual debtor name Alternative A pertaining to the 2010 Amendments to UCC Article 9! According to the Uniform Law Commission, all …
April 17, 2015
In a recent case out of Maine, the secured party held a perfected security interest in their debtor’s “accounts and payment intangibles.” Unfortunately there was an accident (train derailed) and …
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