This webinar will offer an overview of the revised Article 9 and will discuss the most relevant factors to attach and perfect the most common forms of personal property. It will offer practical tips and guidance on preparing UCC financing statement forms. The course will also introduce the amendments to the revised Article 9 which have been approved by the Uniform Law Commission.
Why Should You Attend:
This course will provide an overview of the revised Article 9 and will focus on the most relevant factors bankers and administrators need to know in order to attach and perfect the most common forms of personal property. The course will focus on the practical application of the rules under the revised Article 9 of the Uniform Commercial Code including:- Types of personal property covered by the revised Article 9 and their legal definitions
- Accurately preparing UCC financing statement forms
- Utilizing the proper collateral descriptions on security agreements and financing statements
- Filing the financing statements in the proper location and other areas of concern
- In addition, this course will introduce the amendments to the revised Article 9 which have been approved by the Uniform Law Commission and are waiting to be introduced into the legislature and passed by all fifty states. The effective date for the amendments to be activated was July 1, 2013. These amendments provide greater guidance for the name of the debtor to be inserted in the financing statement and to clarify which name of a registered organization is recognized as its legal name. The amendments also deals with perfection issues arising from property acquired after the debtor (individual or organization) moves to a new jurisdiction.
Areas Covered in the Webinar:
Changes that Went into Effect from 7/1/2013:- Review of the new UCC Forms
- Completing the Financing Statements
- Filing the Financing Statement
- Getting the Processes Right:
- Solicitation
- Application
- Investigation
- Evaluation
- Decision
- Documentation
- Administration
- Collection
- The Loan Documentation Process
- Types of Collateral Governed by the UCC
- Attachment and Perfection Rules
- Collateral Definitions and Descriptions on Security Agreements and UCC Financing Statements
- Review of UCC Forms
- How to Complete and File
- Indiana Administrative Rules and 2010 Amendments to the UCC
- Financing Statements and the Uniform Law Commission
Who Will Benefit:
- Credit Officers
- Risk Managers
- Commercial and Consumer Loan Officers
- Commercial Branch Officers
- Credit Analysts
- Auditors
- Loan Review Officers
- Accounting Personnel
- Directors
Course Provider
Jeffery Johnson,
