EC: UCCs Have Priority Over 503(b)(9) Claims
In this NCS Extra Credit installment, Nikki Nevar (UCC Specialist) explains why a UCC has priority over 503(b)(9) claims.
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Proofs of Delivery & Bills of Lading and the Lien Process
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...
Assignment of Mechanic's Lien & Bond Claim Rights
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
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...
Payment Bond Thresholds
Each state has its own statutes requiring payment bonds on construction projects. Some statutes may require that the general contractor obtain a...
Material Supplier to Material Supplier
Download this quick reference guide to see whether your state allows for mechanic's lien or bond claim rights for material suppliers selling to...
UCC Article 9 in Courts
It comes as no surprise that with the 5 year anniversary of the implementation of the 2010 Amendments, we begin to see cases where courts are called...
EC: Supplying Rental Equipment to a Construction Project
In this NCS Extra Credit installment, Clare Wilson (Notice & Lien Specialist) reviews how to secure your mechanic's lien rights when supplying rental...
EC: The Importance of Complying with Article 9
In this NCS Extra Credit installment, Marla Zurlo (Senior Account Representative) discusses the importance of complying with Article 9.
