Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.
It is imperative when signing contracts to be explicit in your agreement before a contract is assigned. Learn what happened when a contract had ambiguity between the two parties. In this Chapter 11 action, the court was tasked with determining whether a contract constitutes a true lease or security interest. Ford Motor Credit Company, LLC (“Ford”) brought motions for relief from stay to exercise its rights against trucks that are the subject of a master lease agreement with the debtor, Lasting Impressions Landscape Contractors, Inc. (“Debtor”).
The landscape of commercial and residential mortgage lending has never been so varied or so regulated. In spite of the possibility of some recent regulations being relaxed, it’s still important to pay attention to the details. The right questions will lead to the right answers, and remember: due diligence is always your friend.
Even a minor error in the debtor name can render a financing statement seriously misleading, and leave the secured party with an unperfected security interest, as a recent case demonstrates in United States SEC v. ISC, Inc. (No. 15-cv-45-jdp. United States District Court, W.D. Wisconsin) Double Bubble, Ltd. took a security interest in the assets […]
Filings and searches may be impacted by hurricane Irma, see if your filings may be impacted.
Due to severe weather conditions and flooding related to Hurricane Harvey, Lien Solutions has implemented our business continuity plan to ensure the safety of our employees and uninterrupted service for our customers. We can confirm at this time that the implementation of our business continuity plan has been successful and that none of our services […]
As a business owner or manager, the only thing more important than your valued relationships with clients is your business itself. You don’t want to do anything to jeopardize either of them.
Making sure a loan is secure is the undisputed “headache” of UCC life for most secured parties. A lender simply has to know what’s going on with the parties to whom they have loaned money.
One of the bigger pain points faced by lenders is conducting lien searches and making UCC filings across different jurisdictions. As no two snowflakes are ever the same, so it is with state and county filing rules and requirements. What works here won’t suffice over there. Naturally, keeping track of all these various rules and requirements causes frustration, headaches and lost production for multi-jurisdictional lenders. It also causes confusion, and that can lead to costly errors and mistakes no lender can afford.
If you are filing in Rhode Island, Vermont, and Hawaii there are state holidays you take into consideration.
Learn about the problems of modern auto finance and maintaining perfection. You may be at risk if you do not follow due diligence steps closely. Some lenders never protect their interest by perfecting their lien.