Well Dispatch_This has this right. What a fallacy this non-recourse this is. I'll tell you how I just found out too.
First off the company I am an agent for is a recourse factor. However just a moment ago I logged in to see if a bill I factored with D&S was paid. It said it was short paid $50. I called up to see what happened next and sure enough they said it would come out of my next settlement. I asked what non-recourse was and she said what Dispatch_This wrote.
Basically she said that if it's any type of paperwork issue then we will be charged for it but only companies going out of business would be a non-recourse.
As for the UCC lien, I would say that is right too as I saw something to that effect on my business credit report. In the end I guess this non-recourse things is highly misunderstood. 5% is quite a bit for a semi-recourse factor.
By the way, I called the company that short paid me and they apologized and will be sending out the money.
Glad to know also Bigmon about the iced coffee but I heard it was still only in the 60's there; they need to bring up the temperature before I go back there.