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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.

Mechanic's Liens & Bond Claims (18)

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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...

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Lien Waiver Language: Conditional

Lien Waiver Language Part 1: Conditional Lien Waivers We’ve previously discussed the 4 primary types of lien waivers; today we’d like to discuss...

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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...

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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...

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Include a Proper Estimate in Preliminary Notice

California Case Highlights the Importance of Including a Proper Estimate in Your Preliminary Notice It’s likely you have read this (or heard this)...

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Failure to Name True Owner Invalidates Lien

Colorado Court Finds Failure to Name True Owner Invalidates Lien The Colorado Court of Appeals, Division II, answered “When a party fails to name the...

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Idaho Supreme Court: Lien Rights for the Sub and Engineer

Idaho Supreme Court: Is the Sub Required to file Multiple Liens & when do Lien Rights begin for the Engineer? In a recent appeal heard before the...

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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...

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Supplying Rental Equipment to a Construction Project

3 Things to Know if You’re Supplying Rental Equipment to a Construction Project Although great strides have been made within the last several years,...

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Two Questions to Ask Before Releasing a Mechanic’s Lien

Always ask yourself these two questions before you release a mechanic’s lien

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