News Flash
1/26/2012 4:00:15 PM
Texas Notice Requirements
Consult The National Lien Digest, Legislation Updates, for information on the amended statute in Texas.
1/26/2012 3:54:19 PM
New Lien Statute in Illinois
View the new Illinois bond claim statute in The National Lien Digest, Legislation Updates.
12/15/2011 9:13:24 AM
North Dakota Eliminates Requirement on UCC Financing Statement
Effective 1/1/2012 North Dakota eliminates requirement that the UCC financing statement must include debtor's SS# or Fed. Tax ID number.
11/23/2011 1:24:09 PM
Seven States Enact 2010 Amendments to UCC Article 9
According to the Uniform Law Commission, seven states have now enacted the 2010 Amendments to the Uniform Commercial Code Article 9.
Indiana, Minnesota, Nebraska, Nevada, North Dakota and Texas have all selected the individual debtor name Alternative A, while Washington picked Alternative B.
All will be effective July 1, 2013. It is expected that many more states will enact the amendments in 2012.
10/10/2011 4:05:13 PM
Australian PPS Act and PPS Register Scheduled to Commence in Early 2012
The Australian PPS Act and PPS Register are scheduled to commence from the registration commencement time, which will be in early 2012.
Attorney General, Robert McClelland will make a determination under the Personal Property Securities legislation that will set the actual date for the PPS register commencement.
(Source: Personal Properties Security Register)
3/14/2011 2:22:22 PM
The National Lien Digest Instructional Video Now Available
Specifically for The National Lien Digest subscribers, we have created a comprehensive YouTube video that demonstrates the NLD features and functionality. Subscribers may access the video by logging into the NLD and selecting "Support / Getting Started" from the main menu and then by clicking on the video links.
Not yet a National Lien Digest subscriber? Click here to get a quick overview demonstration. Feel free to contact NCS with any questions at 800-826-5256 or e-mail ncssales@ncscredit.com
9/16/2010 3:39:25 PM
Critical Changes to UCC Article 9
Critical changes have been approved by the Uniform Law Commission (ULC) to be enacted on July 1, 2013. According to the ULC: "The 2010 Amendments to UCC Article 9 modify the existing statute to respond to filing issues and address other matters that have arisen in practice following a decade of experience with the 1998 version of UCC Article 9. Of most importance, the 2010 Amendments provide greater guidance as to the name of an individual debtor to be provided on a financing statement.” This guidance falls under 9-503(a), the debtor name. A registered organization's name will be what is found on the public organic record(s).
An individual name will be the name found on the individual’s unexpired driver's license. If no driver’s license is available, then the individuals name will be the surname and first name.
Be assured that NCS will closely monitor the enactment of these amendments by each state and will keep you informed.
