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Mechanics Liens & Bond Claims Fundamentals of the Preliminary Notice Prepared by: Kristin Alford NCS To Learn More: 8008265256 SecureYourTomorrow ncscredit.com http://home.ncscredit.comOctober 2016
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01
Gather all the necessary information and documents for the floating lien preventive filing.
02
Identify the specific assets or properties that you want to secure with the floating lien.
03
Complete the floating lien preventive filing form, providing accurate and detailed information about the debtor, creditor, and the assets being secured.
04
Make sure to double-check all the information provided on the form for any errors or omissions.
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Submit the completed form to the appropriate authority or agency responsible for handling floating lien preventive filings.
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Pay any required fees or charges associated with the filing.
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Keep a copy of the filed form and any related documentation for your records.
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Monitor the status of the filing and ensure that it is properly recorded and acknowledged by the relevant authority.

Who needs floating lien preventive filing?

01
Any individual or organization that wants to protect their interests in assets or properties can benefit from a floating lien preventive filing.
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This may include lenders or creditors who want to secure their loans or debts against specific collateral.
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Businesses or individuals who enter into financial agreements where assets are used as security may also require a floating lien preventive filing.
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Additionally, parties involved in lease or rental agreements, intellectual property rights, or any other situations where securing assets is necessary may need to file a floating lien preventive filing.
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Floating lien preventive filing is a legal process where a lender files with the appropriate government entity to establish a priority claim on the borrower's assets.
Lenders or financial institutions who provide loans secured by the borrower's assets are required to file floating lien preventive filings.
To fill out floating lien preventive filing, the lender must provide detailed information about the borrower, the assets being used as collateral, and any other relevant information required by the government entity.
The purpose of floating lien preventive filing is to protect the lender's interest in the borrower's assets in case of default or bankruptcy.
The information reported on floating lien preventive filings typically includes details about the lender, borrower, collateral, loan agreement, and any other pertinent information.
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