Drafting Lien Security 
Green Building Law Update
JUNE 25, 2017
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.
Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
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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. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.
Construction Marketing Ideas
MARCH 12, 2016
Secure your payment rights. In North Carolina, that means filing a Notice to Lien Agent as your work begins, informing suppliers of the identity of the lien agent, guarding against double payment liability through the Notice of Contract procedure, and enforcing your lien rights timely, when necessary.
Autodesk Construction Cloud
NOVEMBER 15, 2021
The difference between secured and unsecured debts. The shifting of risk and liabilities is a very common practice when drafting contracts. ” To ensure that you get paid, you need to understand the difference between unsecured and secured credit. Secured credit, on the other hand, is backed by collateral.
Buisness Facilities Contributed Content
APRIL 15, 2014
The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.
Building Information Management
JULY 27, 2016
00 43 13 Bid Security Form. 00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. 00 73 63 Security Requirements. 00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. 00 73 63 Security Requirements. 00 61 16 Lien Bond Form. Affidavit of Release of Liens Form. Requirements.
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