Downloadable Resources, Tips, and Insights

Welcome to the RUG! RUG is the acronym for the secured transaction filing system in Mexico. Registro Unico Garantias Mobiliarias (Unified Registry of Moveable Property Collateral)

In September of 2010, Mexico instituted amendments to their secured transaction law. These amendments better aligned Mexico’s secured transactions with U.S. Uniform Commercial Code - Revised Article 9 and Canada’s Personal Property Security Act.

A properly perfected pledge (in the U.S. & Canada this would be the security agreement), protects the creditor against third parties that claim an interest in the collateral, allows the creditor to foreclose on the property and apply all proceeds to the outstanding debt, and grants preference against a bankruptcy trustee and all other creditor types including tax claims.

Download this infographic to learn more about the RUG.

What is the difference between a Payment Bond and a Performance Bond? A payment bond is a promise of payment and a performance bond is a promise of performance. A payment bond is a surety bond, most often on public projects, issued as assurance of payment to certain parties should the principal of the bond breach their construction contract. A performance bond is a bond issued to one party of a contract as a guarantee of the performance of the other party to meet the obligations specified in the contract.

Discharge bonds may be used in lieu of a mechanic's lien, but fear not! If your mechanic's lien is "replaced" by a bond, take a deep breath & relax, because you still have security - and being a secured creditor is imperative!

Download this whitepaper to learn more about what it means to bond off a lien, who benefits from the bonding off of a lien and how the bonding off of a lien can change the rules.

Unfortunately, your customer has filed for bankruptcy. Fortunately, you are a secured creditor! Now, you need to complete your bankruptcy Proof of Claim.

In some states, there are additional recovery remedies aside from mechanic's liens and bond claims. If you are furnishing to a construction project, you may be able to exercise your recovery rights under a lien on funds, stop notice, or public improvement lien. Learn more when you download this infographic!

Often, mechanic's lien and bond claim deadlines are calculated from the date of your last substantial furnishing. But, did you know, 23 states calculate the mechanic's lien and bond claim deadline based on project completion?

View this infographic to learn which states use the date of completion to calculate the mechanic's lien and bond claim deadlines.

Do you sell on consignment? If you allow customers to have possession of goods under a “consignment” agreement prior to the actual sale, you are at risk of losing your rights in the goods. To protect your interest, you must have perfected a security interest in those goods under Article 9 of the Uniform Commercial Code (“UCC”) prior to delivery.

A Joint Check Agreement is an agreement between multiple parties, allowing one party to make payment through a check issued to two or more payees. Joint Check Agreements are an excellent risk mitigation tool, but they aren't without flaws - check out this infographic for details!

A UCC filing can do more than protect your inventory, equipment, and receivables. Properly perfected UCCs can reduce your risk and give you the opportunity to expand your market share, by providing you with the security needed to sell to marginal accounts and increase existing customers’ credit lines.