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What Is a UCC-3 and Why Would You File One?

A UCC-3 can wear many hats. It can be used to continue, amend, or terminate your UCC filing. Learn more about the UCC-3 and its role in your security interest.

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Lien Index

NCS Lien Index 2022 Q1

The Lien Index's rate of increase slowed from an adjusted +22% in Q4 2021 to +13% in Q1 2022.

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17 Common Words in Mechanic's Liens and Construction Credit

Every business has its own keywords, phrases, and acronyms. Here are some of the most common terms you may hear in mechanic's liens & construction credit.

lien index
Lien Index

NCS Lien Index 2021 Q4

The Lien Index jumped to 19.7% in Q4. Throughout Q4, national mechanic’s lien activity rose across all regions, though most significantly in the Midwest.

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Texas Mechanic’s Lien Statute Changes 2022

Here's a look at the Texas statutory changes effective for general contracts executed on or after January 1, 2022.

lien index
Lien Index

NCS Lien Index 2021 Q3

The Lien Index increased slightly to -9.03% in Q3, up approximately .5% over Q2.

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Furnishing Dates and Your Mechanic's Lien Rights

Notice, mechanic's lien/bond claim, and suit deadlines are frequently calculated from your first furnishing date, last furnishing date, and/or the date of entire project completion.

lien index
Lien Index

NCS Lien Index 2021 Q2

The Lien Index decreased 9.6% in Q2, following two quarters of increased mechanic’s lien activity (Q4 2020 and Q1 2021).

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Payment Bonds and Bond Claims in Construction

Learn who is a party to the payment bond, who is protected by the payment bond, how to know whether a payment bond has been issued, and when and how a bond claim should be served.