zlien resources: providing information that enables you to make decisions

presented by:

Every Wednesday1pm CSTSignup At:http://www.zlien.com/credit-academy/webinars/

Construction Credit Knowledge

Webinar A Bit Different Today

• more granular and applicable specifically to zlien. today’s webinar does not focus on a “big-picture” aspect of credit management or construction finance, but instead provides useful information about the resources provided by zlien, how to use those resources, and why the resources are provided.

Consider This Question

• why does zlien provide the information resources?

• enable parties to make their own decisions

Consider This Question

• why does zlien provide the information resources?

• enable parties to make their own decisions

• enable parties to find / view information relevant to them

Consider This Question

• why does zlien provide the information resources?

• enable parties to make their own decisions

• enable parties to find / view information relevant to them

• give access to information otherwise difficult to find and/or access

Consider This Question

• why does zlien provide the information resources?

• enable parties to make their own decisions

• enable parties to find / view information relevant to them

• give access to information otherwise difficult to find and/or access

• provide intricate, and challenging information in a more easily understood format

Consider This Question

• why does zlien provide the information resources?

• enable parties to make their own decisions

• enable parties to find / view information relevant to them

• give access to information otherwise difficult to find and/or access

• provide intricate, and challenging information in a more easily understood format

• to avoid giving legal advice

Why Avoid Giving Legal Advice?

• short answer:

• as a company, zlien cannot give legal advice - it’s illegal.

Why Avoid Giving Legal Advice?

• short answer:

• as a company, zlien cannot give legal advice - it’s illegal.

• zlien is not a law firm, it’s a technology platform, and therefore, is unable to give legal advice - unauthorized practice of law (upl) rules across the country forbid this.

Why Avoid Giving Legal Advice?

• being a technology platform rather than a law firm brings many benefits

• automation

• efficiency

• cost

• ease of use

• and much more . . .

The Good News

!

• while complex, and confusing in their “native” state, once a mechanics lien law is more easily understood, a party can make their own informed decision about their lien/security rights, or decide that their case is one of the few that may actually need a lawyer.

The Good News

• but, there’s good news!

• the zlien resources make the requirements easy to understand, and empower parties to make knowledgable decisions

• the lien laws work in very mechanical and specific ways: just following the steps is sufficient to protect security rights

The Good News

• zlien resources are easily accessible and easy to understand

• www.zlien.com/resources

The Good News

• select a state from the map or drop-down menu to see information related to that particular state

The Good News

• each state has a quick-check chart of applicable notice and claim deadlines, organized by role in the project

The Good News

• each state also has answers to 18 FAQs that provide more detailed answers

• links in the FAQ section go to relevant articles that give even more in-depth discussions of certain aspects of notice or lien requirements

The Good News

• additional detailed information can be found on the Construction Finance Journal, zlien’s web publication either via links from the Resources section of the website, or directly at: www.zlien.com/articles

Examples

• Question: “I’m a GC that performed work in California, what are my preliminary notice requirements”

• Step 1: Go to the resources section and select California from the map or drop-down.

Examples

• Step 2: Find your project role (i.e. GC, sub, supplier) in the “Preliminary Notice” section of the chart.

Examples

• Step 3: For more information, look to the FAQs

Examples

• Step 4: Feel enabled to know when preliminary notice is needed (within 20 days from first furnishing [or later for protection only dating back to the previous 20 days]), to whom it should be given (lender, since the party giving notice in this example was the GC), how to give notice (via certified mail), whether the requirement is met when the notice is sent, or when it is received (sent), and whether proof of sending the notice may be required (yes).

Examples

• still need more info?

• articles specially relating to California preliminary notices are available on the Construction Finance Journal.

Examples

• ready to send a notice?

• use zlien to automate the process;

• or, do it yourself using free forms provided in the resources

Examples

• california notice requirements are fairly easy, but the same process can guide you through most specific lien questions / scenarios.

• license requirements, to whom documents need to be sent (and how), timing requirements for liens, notices, and enforcement actions, and more are all provided.

Examples

• what if you want higher-level or big-picture business, finance, or management information?

• this type of information is available on the Construction Finance Journal

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!

• also available via on-demand webinars

Up to Date & Constantly Monitored (by lawyers)

• the resources are compiled, monitored, and updated by attorneys so you don’t have to do it.

• changes / clarifications to the law are announced via “Lien Law Alerts”

• changes / clarifications also outlined in the state-specific charts and FAQ sections.

Conclusion

• use of the resources will keep you informed, educated, knowledgable, and able to make your own decisions - or know when you can’t.

• this empowers you to decide what you want / need, and frees up zlien employees to assist you with the use of our system

• you don’t get bad advice

Conclusion

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questions?