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NCS Lien Index 2021 Q3
January 10, 2022
“North Dakota. Be Legendary.” This might be my all-time favorite state slogan. It’s… well, it’s legendary! And although you may not know it yet, recovering funds through mechanic’s liens and …
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December 6, 2021
I once heard the state insect of Nebraska is the honeybee. So, I thought it’d bee great if we reviewed mechanic’s lien and bond claim rights in Nebraska! Oh, before …
November 1, 2021
In Indiana, a material supplier who contracts with another material supplier is not entitled to mechanic’s lien rights. However, one Indiana Court of Appeals’ judge dug in to further clarify …
October 11, 2021
Furnishing to a construction project in the Beehive State? Well, today’s post is just for you as we explore Utah mechanic’s lien and bond claim rights. If you are furnishing …
October 4, 2021
Over the last few years, several provinces in Canada have modernized or proposed amendments to their mechanic’s lien laws. Notably, Ontario paved the way for longer lien deadlines and prompt …
August 30, 2021
In commercial credit, creditors have an opportunity to secure accounts receivable by establishing their right to certain collateral. Then, in the event the debtor fails to pay, the creditor can …
July 26, 2021
In 2021, several states have enacted legislative updates to their mechanic’s lien and bond claim statutes. We’ve previously discussed some of the big changes (ahem, yes Arkansas, Iowa, and Texas …
July 5, 2021
Arkansas recently passed two House Bills. HB 1835, which changes the notice requirement for residential contractor’s lien, and HB 1855, which revises the bonding procedure for payment bonds issued for …
June 7, 2021
*Post updated 6/16/2021 to include official enactment* For several years, the Texas legislature has been trying to pass amendments to its mechanic’s lien statute, and finally change is on its …
May 24, 2021
Recently, members of The Credit Research Foundation (CRF) posed questions to NCS Experts. “In an average year, mechanic’s lien filings are high in Q1, low in Q2 & Q3, and …
May 17, 2021
Iowa Governor, Kim Reynolds, has signed HF 561 into law. The bill contains two key changes to Iowa’s mechanic’s lien law. Though the new statute won’t take effect until January …
April 5, 2021
What happens when your preliminary notice is late? In Minnesota, you may lose your mechanic’s lien rights. One lien claimant served its Minnesota prelien notice 27 days too late and …
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