Downloadable Resources, Tips, and Insights

The subjectivity in evaluating credit worthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to collateralize or “secure” their goods and/or accounts receivable, by leveraging the personal property assets of their customer.

A UCC filing is only perfected if it is indeed perfect - so don't make these common mistakes!

When securing your mechanic’s lien rights, it’s not enough to file your mechanic’s lien by the statutory deadline. It is also important to know whether you are filing a mechanic’s lien in a state where the mechanic’s lien is generally limited to the unpaid portion of the contract, also known as an Unpaid Balance Lien State.

Check out this infographic to see which states are full balance and which are unpaid balance.

Lien Waivers are common in construction credit. Lien Waivers are also one of the most misunderstood and misused documents in construction credit. It is crucial for credit professionals to understand the verbiage, remedies and consequences of lien waivers, prior to signing the document.

In this NCS Extra Credit installment, Danielle Moon (Collection Services Group) and Jerry Bailey (Executive Sales and Education Services Manager) discuss the proof of claim ABCs.

In this NCS Extra Credit installment, Amy Hunger (Construction Services Group Attorney Liaison) and Marla Zurlo (Senior Account Representative) discuss mechanic's lien rights on wind and solar farms.

It takes multiple contractors, subcontractors & material suppliers to successfully build one energy farm: unfortunately this also means there are multiple opportunities for payment issues. Special fabrication, change orders, construction defects, and the simple low liquidity of a company, are common factors contributing to non-payment on projects of these sizes. Since 2012 nearly 100 solar companies have closed their doors due to insolvency or bankruptcy, according to Green Tech Media. Although solar farms are growing in popularity, the flow of payment on these projects is slow. Download this paper to learn how proactively securing mechanic’s lien and bond claim rights, will help protect your company in the event of non-payment.

You know that risk mitigation is an ongoing endeavor. Once you decide to extend credit to your customer, you need to ensure you are a secured creditor. Implementing basic credit management remedies, like UCC filings, could save your company hundreds of thousands of dollars.

Here's a look at the Article 9 2010 Amendments and the changes that went into effect in 2013. Specifically, a review of Alternative A vs. Alternative B and what it means for your UCC filing.

In this NCS Extra Credit installment, the UCC Services Group's Diane Hlavac and Senior Account Representative Adrian Segedy discuss Corporate Monitoring.