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NCS Lien Index 2021 Q2
August 30, 2021
In commercial credit, creditors have an opportunity to secure accounts receivable by establishing their right to certain collateral. Then, in the event the debtor fails to pay, the creditor can …
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August 23, 2021
Compliance with UCC 9-503(a) must be one of the easiest and most challenging aspects of perfecting security interests. A contradiction, right? Under Article 9, a debtor should be identified on …
August 16, 2021
The Credit Research Foundation publishes their National Summary of Domestic Trade Receivables (NSDTR) to its membership base and those corporations that contribute their data to the survey. The outputs compare …
August 9, 2021
With a properly perfected security interest (aka UCC filing), you can recover funds (or inventory/equipment) from your customer in the event of default or bankruptcy. Of course, as a brilliant …
July 26, 2021
In 2021, several states have enacted legislative updates to their mechanic’s lien and bond claim statutes. We’ve previously discussed some of the big changes (ahem, yes Arkansas, Iowa, and Texas …
July 12, 2021
Originally published in The Credit Research Foundation’s Perspective newsletter (June 2021) The Credit Research Foundation recently surveyed their membership on the use and impact of securitization (UCCs, mechanic’s lien, etc.) …
July 5, 2021
Arkansas recently passed two House Bills. HB 1835, which changes the notice requirement for residential contractor’s lien, and HB 1855, which revises the bonding procedure for payment bonds issued for …
June 28, 2021
June 21, 2021
In a recent Chapter 12 bankruptcy case, two creditors competed for interest in a piece of farm equipment: a 7215R Tractor. On the UCC Financing Statements, one creditor listed the …
June 7, 2021
*Post updated 6/16/2021 to include official enactment* For several years, the Texas legislature has been trying to pass amendments to its mechanic’s lien statute, and finally change is on its …
May 24, 2021
Recently, members of The Credit Research Foundation (CRF) posed questions to NCS Experts. “In an average year, mechanic’s lien filings are high in Q1, low in Q2 & Q3, and …
May 17, 2021
Iowa Governor, Kim Reynolds, has signed HF 561 into law. The bill contains two key changes to Iowa’s mechanic’s lien law. Though the new statute won’t take effect until January …
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