3 min read
Reduce the Need for Collections with Liens
Filing Mechanic’s Liens Will Reduce the Need to Place Accounts for Collections Every day, credit professionals across all industries review and...
Bond Claim (10)
1 min read
Lien Waiver Language: Unconditional
Lien Waiver Language Part 2: Unconditional Lien Waivers Every lien waiver should clearly identify the property name & project location, the debtor’s...
2 min read
Complying with the Michigan Notice of Commencement
Did I Comply with the Michigan Notice of Commencement? We have previously discussed “substantial compliance” with regard to mechanic’s lien and bond...
2 min read
Sometimes Substantial Compliance is Enough
Turns Out, Sometimes Substantial Compliance with Mechanic’s Lien Law is Enough At NCS, we constantly stress the importance of complying with each...
3 min read
Hip Hop and Credit Management
Hip Hop & Credit Management: Advice to Credit Professionals in 30 Seconds Several years ago, I was given the opportunity to view a documentary,...
2 min read
Payment Bonds vs. Performance Bonds
Payment Bonds vs. Performance Bonds In this corner we have an $8.4 million bond, created & executed to protect you in the event the principal does...
2 min read
Demand Letters and Mechanic’s Liens
What You Should Know about Demand Letters and Mechanic’s Liens A demand letter is a strongly worded request for payment, most often served upon your...
2 min read
Problems with Preliminary Notices
Here Are 5 Mistakes Commonly Seen with Preliminary Notices Securing your mechanic’s lien and bond claim rights often begins with serving a...
2 min read
Utah’s State Construction Registry (aka SCR)
Preliminary Notices: Understanding Utah’s State Construction Registry (aka SCR) Securing mechanic’s lien and bond claim rights, in the state of Utah,...
2 min read
Collectability of an Unsecured Collection
Have you ever wondered “Is my unsecured collection collectable?” “Is this past due, unsecured account even collectable?” It’s a common question in...