A Personal Guarantee is an individual's legal promise to repay credit issued to a business for which they serve as a representative. Then, in the event the business is unable to repay its debt, the individual is personally responsible to pay....
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What do you call the collective group of parties on a construction project? (Sounds like the start of a fun dad-joke!) We often refer to the...
Do you know there are 19 states that require a preliminary notice be served to protect bond claim or public improvement lien rights? A common...
Download this resource to learn more about the financial risks suppliers face when bankruptcies hit the healthcare industry and what you should do to...
In this NCS Extra Credit installment, Jerry Bailey (Executive Sales & Education Services Manager) compares personal guarantees and UCC filings.
In this NCS Extra Credit installment, Heather McLaughlin (Notice & Mechanic's Lien Specialist) explains 1st furnishing, last furnishing and...
In this NCS Extra Credit installment, Marla Zurlo (Senior Account Representative) reviews mechanic's lien rights on residential projects.
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,...
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...
