What Are Standby Letters of Credit?
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses Standby Letters of Credit.
Your Customer Defaults; Fortunately You Filed a UCC. Now What Should You Do?
Companies default, it happens. Fortunately, you are a brilliant creditor who has filed a UCC to protect your receivable! But, what do you do now? In this infographic, we'll review steps you can take to collect on your receivable or repossess your goods.
The Importance of Proof of Delivery & Bills of Lading
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses selecting Proof of Delivery & Bills of Lading.
Making Sure You Select the Correct UCC Filing
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses selecting the correct UCC filing to best meet your business needs.
The Florida Notice to Owner aka 45-Day Notice
If you are furnishing to a construction project in Florida, make sure you secure your right to get paid through the mechanic's lien and bond claim process. First, you must serve a preliminary notice and in the state of Florida, that notice is called the Notice to Owner.
This infographic outlines the deadlines for protecting lien rights in Florida, what information should be included in your Notice to Owner, and who should receive a copy of the Notice to Owner.
Mechanic's Liens & Bond Claims: The Fundamentals of the Preliminary Notice
Items covered in this article include a brief history of the mechanic’s lien process, the importance of job information, the value of the Notice of Commencement, various preliminary notice requirements by state, common preliminary notice mistakes, what you should know if you are supplying rental equipment and who to serve when furnishing to a leased property.
What Is a Fixture Filing and How Does It Relate to UCC Article 9?
Most variations of UCC filings are fairly easy to explain. A Blanket filing is a security interest in all assets of your customer. A Purchase Money Security Interest filing grants a security interest like a blanket filing, but with the added ability to repossess inventory or equipment. But fixture filings are a bit more difficult to understand.
What are fixtures and fixture filings? How do they relate to Article 9 of the Uniform Commercial Code? This infographic answers these questions and provides examples of items that might be protected by fixture filings!
There are 3 Primary Steps in the Mechanic's Lien Process
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses the 3-step Mechanic's Lien process.
Three Obstacles to Implementing a Mechanic's Lien Program
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses 3 perceived obstacles to implementing a Mechanic's Lien program.