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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.

Preliminary Notices & Construction Credit (11)

Mechanic’s Liens: Understanding Ship and Delivery Dates

Should You Use the Ship Date or Delivery Date When Calculating Mechanic’s Lien and Bond Claim Deadlines? We are often asked “Should I use my ship...

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Expected Payment and Expiring Lien Deadlines

“I’m not going to file a mechanic’s lien, my customer says he is going to pay me by the end of the week.”

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California Lender Search: a Best Practice

California Lender Search: a Best Practice A customer contacted NCS with the following conundrum:

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NTO-Phobia: the Fear of the Preliminary Notice

NTO-Phobia: the Fear of the Preliminary Notice The Fear: A common fear expressed by contractors, subcontractors and material suppliers everywhere is...

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Construction Workers in Sunrise

What is a Notice of Termination of Notice of Commencement?

Aside from a mouthful when trying to say it three times fast, the Notice of Termination of Notice of Commencement is a recorded affidavit that...

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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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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...

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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,...

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If or When, Contingent Payment Clauses

Payment Clauses: Pay-IF-Paid or Pay-WHEN-Paid It’s hard to believe that two small words, with seemingly “useless, yet endless” functionality, can...

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Prelien Notice Mistake Invalidates Mechanic’s Lien

Prelien Notice Mistake Invalidates Mechanic’s Lien in Minnesota Today’s case is an unfortunate example of how one contractor lost its mechanic’s lien...

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