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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.

UCC Financing Statements (3)

UCC Filings: Does DBA Matter?

Does “d/b/a” Really Make a Difference in UCC Filings? One of the most common — and most preventable — mistakes creditors make when creating a...

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Importance of Writing Effective UCC Collateral Descriptions

Avoid Being Too Specific or Too Vague in UCC Descriptions of Collateral The Case: IN RE PROVIDERX OF GRAPEVINE, LLC – BANKR. COURT, ND TEXAS, 2013.

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Protect Your Purchase Money Security Interest in Goods

What is a Purchase Money Security Interest (PMSI)? Section 9-103 of the UCC defines a PMSI as a security interest in goods that are collateral for an...

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Four Reasons We Love UCC Filings

Here Are 4 Reasons We Love UCC Filings We LOVE UCC filings and here are four reasons why you should love them too!

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Safe Harbor Might Save One Creditor’s UCC Filing

Hazardous Intersection of Seriously Misleading, Article 9-503(a), Due Diligence, and Safe Harbor; The Fate of One Creditor’s UCC Filing In Florida, a...

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What Is a UCC-3 Filing and Why Should You File One?

What Is a UCC-3 Filing and Why Should You File One? Have you filed a UCC-1 to secure your interest in certain collateral? Well, if you have and you...

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Security Interest Survives Crazy Collateral Transfers

Bank’s Security Interest Survives Crazy Collateral Transfers; UCC Filing for the Win It’s a great day to read about a UCC success story! The secured...

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Is the Lien Consensual or Statutory?

What’s the Difference between Consensual and Statutory Liens? In commercial credit, creditors have an opportunity to secure accounts receivable by...

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Compliance with UCC 9-503(a) when Filing UCC in Georgia

Filing a UCC in Georgia? Make Sure You Correctly Identify the Debtor because Georgia Takes “Seriously Misleading” Seriously. Compliance with UCC...

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UCC Filings Work, Here’s a $95,000 True Story

Yes, UCC Filings Work, and Here’s a $95,000 True Story With a properly perfected security interest (aka UCC filing), you can recover funds (or...

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