Levelset

JULY 5, 2022

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

Lien 96

Lien Legal Bankruptcy Claims 96

NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Reading Cooperative Bank v. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.

Security 40

Security Contract Accounting Construction 40

Best Practices Construction Law

SEPTEMBER 13, 2018

The new statute, signed into in May 2018, immediately created a cause of action providing for remedies for the successful challenge of the validity of a lien against a property. 4) Any actual damages incurred by the owner. 4) Any actual damages incurred by the owner.

Lien 59

Lien Tennessee Banking Agreement 59

NH Construction Law

FEBRUARY 25, 2023

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.

Banking 40

Banking Inspections Construction Lien 40

HardHatChat

SEPTEMBER 24, 2009

For example, if your general contractor falls behind on paying their sub contractors, or they don’t pay them at all, then those subs have lien rights that you as the developer or your tenant will have to pay the sub contractor or defend your rights as a property owner. A Dun & Bradstreet report is MANDATORY.

Commercial 120

Commercial Banking Lien Construction 120

Contractor Bookkeeping

JUNE 20, 2014

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.

Contractors 48

Contractors Insurance Claims Lien 48