MENU_EVENT_PRINT

UCC Article 9: Perfection Pitfalls & Proper Enforcement - Details

Registration for this event is open from: May 1, 2020 12:00 - Dec 3, 2020 12:00
Where: Webinar, Recorded, Both Live/Recorded, (US).
Date: Jun 3, 2020 - Jun 3, 2020
Time: 02:00 - 03:30
Event description:

UCC Article 9:

Perfection Pitfalls & Proper Enforcement

(90-minute webinar – recording also available)

Wednesday, June 3, 2020

12:00 PM Pacific          1:00 PM Mountain

2:00 PM Central           3:00 PM Eastern

Collateral rarely repays loans.  If your borrower defaults, do you know your institution’s lien priority?  Are you protected from other lienholders?  How do you know?  Join us as we investigate the key lien perfection techniques needed to ensure your loans are secured as intended. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand how to obtain a security interest in collateral
  • Determine the important terms to include in a security agreement to protect your institution
  • Use the proper method of perfection for each type of collateral – UCC-1 filing versus possession versus third-party control agreement
  • Explain the priority of competing security interests
  • Create a purchase money security interest with priority over an existing UCC-1 filing

WEBINAR DETAILS

Lenders must properly obtain and perfect a security interest in collateral to maintain priority.  Making a mistake in the perfection process generally results in large losses to the lender.  This webinar will explain how to obtain and perfect security interests in UCC Article 9 collateral, including accounts, equipment, inventory, farm products, general intangibles, contract rights, stocks, and mutual funds.  It will address situations where filing a UCC-1, taking possession, or obtaining a third-party control agreement is required for perfection, and explain which method gives your institution priority.  We will also discuss how your institution can create a purchase money security interest to take priority over an existing UCC-1 filing.

WHO SHOULD ATTEND?

This informative session will benefit loan officers, loan operations personnel, credit administration personnel, collection staff, compliance officers, attorneys, managers, and others involved in the collateral perfection process.

TAKE-AWAY TOOLKIT

  • Copy of UCC-1 Financing Statement and Addendum, including instructions
  • Sample form of control agreement
  • Employee training log
  • Interactive quiz 

Elizabeth Fast     MEET THE PRESENTER - Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

  1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com

  1. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

  1. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE