Downloadable Resources, Tips, and Insights

Businesses are bought and sold every day. So, what happens if you've filed a UCC and your customer sells their business? Your UCC filing acts as a lien on the business, therefore, before title passes from one party to another, the lien should be acknowledged & either settled or renegotiated. Check out this infographic for details.

When serving a notice to protect your lien or bond claim rights, it is important the notice include the information required by statute. In many states, the notice must include the total estimated dollar amount of your contract or your current claim amount. All efforts should be made to provide as accurate a dollar amount as possible. This infographic includes a list of states that may require dollar amounts on the preliminary notice.

Are you furnishing to a construction project in California? Make sure you secure your mechanic's lien or bond claim rights by serving the 20-Day preliminary notice. The general rule, when supplying materials or services to a construction project in California, is to serve the preliminary notice within 20 days from first furnishing.

Download this infographic to learn more about the California 20-Day Preliminary Notice!

In this NCS Extra Credit installment, Danielle Moon (Client Account Manager) and Jerry Bailey (Executive Sales and Education Services Manager) discuss attorney collection costs.

As all secured creditors know, maintaining perfection of their security interests under UCC Article 9 is essential to ensuring priority over other claimants. Unfortunately, there is a common event that can quickly eliminate the perfection of a security interest: a debtor name change.

Article 9-507(c) of the UCC provides the secured party with a four- month window to amend a UCC filing if the debtor’s name changes. We recognize that keeping track of debtor name changes can be challenging, but it is worth the effort: loss of a perfected status is a prospect that no secured party wants to face.

This infographic provides 4 tips for secured parties when faced with possible debtor name changes.

In this NCS Extra Credit installment, Amy Poje (Manager Construction and Collection Services Groups) and Jerry Bailey (Executive Sales and Education Services Manager) discuss utilizing the PMSI UCC to get paid.

You can learn a lot from Wikipedia. For example, the term "collections" could mean cash collection, artwork, abstract data, various books/novels and even horses. Wikipedia can also tell you that debt collection began in the summer of 3000 BC (really?!). But what about "how." "How do I collect a past due receivable?" or "How do I know my customer is in financial trouble?" and even "How will I find enough hours in the day to make collection calls on top of everything else I have to do?"

Check out today's infographic for what you can't learn from Wikipedia about commercial collections and past due receivables.

The proper spelling of a debtor’s name on a UCC Financing Statement is a fervently litigated issue. Download this whitepaper to learn more about the impacts of seriously misleading, standard search logic, noise words, name changes & avoidance, on your UCC filing.

Did you have to file a mechanic's lien because you were not paid timely for materials or labor you provided to a construction project? Then, ultimately, once you have been paid and the payment has cleared, you will need to release that lien.

A release of lien is a document recorded upon the satisfaction of a claim of lien. Statutory penalties may be incurred if a lien is not released upon satisfaction.

Before you release that lien, make sure you can answer yes to these two questions! Download this infographic for more.