When the required steps are met, a Purchase Money Security Interest (PMSI) can give a creditor a first or priority security interest in the goods, even if other secured parties hold prior perfected security interests in the same collateral. Download...
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In this NCS Extra Credit installment, Diane Toth (UCC Specialist) answers “Can a properly perfected UCC really give me the right to repossess?”
The construction credit world is full of industry-specific terms and definitions; sometimes it’s hard to keep them all straight. “Bond” is one of...
In this NCS Extra Credit installment, Jenna Burnett (Notice & Mechanic's Lien Specialist) discusses assigning mechanic's lien and bond claim rights.
Are reducing your DSO, mitigating risk and improving working capital not enough reasons to file UCCs? Good thing we have 5 more reasons! Including,...
In this NCS Extra Credit installment, Nikki Nevar (UCC Specialist) explains why a UCC has priority over 503(b)(9) claims.
Did you know, failure to obtain and save copies of these documents can jeopardize your position as a secured party? Without proof that your materials...
Mechanic's lien and bond claims may be assigned from one party another. However, whether assignment rights are available will vary by state and...
503(b)(9) claims are no match for UCC filings! In bankruptcy, a properly perfected security interest, in compliance with UCC Article 9, has priority...
In this NCS Extra Credit installment, Clare Wilson (Notice & Lien Specialist) reviews how to secure your mechanic's lien rights when supplying rental...
