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EC: Use the PMSI UCC to Get Paid

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.

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What Wikipedia Can't Tell You About Collections

You can learn a lot from Wikipedia. For example, the term "collections" could mean cash collection, artwork, abstract data, various books/novels and...

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Importance of Correctly Identifying Debtor

The proper spelling of a debtor’s name on a UCC Financing Statement is a fervently litigated issue. The UCC Article 9 registry system is designed to...

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2 Essential Questions for Mechanic's Lien Release

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,...

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Secure Receivables in Mexico via the RUG

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

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Payment V. Performance Bonds

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...

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Discharge Bonds and Mechanics Liens

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,...

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Secured Creditor Proof of Claim

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

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Lien on Funds, Stop Notice, and Public Improvement Lien

In some states, there are additional recovery remedies aside from mechanic's liens and bond claims. If you are furnishing to a construction project,...

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Lien and Claim Deadlines Based on Completion

Often, mechanic's lien and bond claim deadlines are calculated from the date of your last substantial furnishing. But, did you know, 23 states...

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