It's Not Too Late! What You Need to Know About the UCC and Upcoming Amendments After July 1, 2013

Webinar: ID# 1012595
Recorded On-Demand
About This Course:
Even though July 1, 2013 has passed, it is not too late for you to get up to speed with the changes to Uniform Commercial Code. Now is the time to catch up!

Many loans extended by commercial banks are secured by personal property which is governed by Revised Article 9 of the Uniform Commercial Code. It is important for Commercial Lenders, Consumer Lenders and Loan Administrators to understand Revised Article 9 under the Uniform Commercial Code as it relates to collateral attachment and perfection.

This webinar will provide an overview of 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.

In addition, this webinar will introduce the amendments to 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 is July 1, 2013.

These amendments provide greater guidance for:

  • The proper name of individuals to be inserted on the Financing Statements
  • Clarifies which name of a registered organization is recognized as the legal name
  • What to do if your borrower moves to a new location and its impact on your collateral
  • And most important, the new forms required to be used after 7/1/2013

The ultimate goal of this webinar is to provide the participants with an understanding of how to document, close and record secured transactions that are covered by Revised Article 9 of the Uniform Commercial Code. After taking this course the participant should have a good working knowledge for managing the most common commercial and consumer secured transactions governed by Revised Article 9.

Covered Topics:

  • New Changes to Go Into Effect 7/1/2013
  • Review of the new UCC Forms
  • Completing the Financing Statements
  • Filing the Financing Statement

Who Should Attend?

Senior Credit Officers, Senior Loan Officers, Loan Officers, Loan Operations Personnel, Loan Administrative Assistants/Secretary, Branch Managers, Loan Review Officers, Compliance Officers

It's Not Too Late! What You Need to Know About the UCC and Upcoming Amendments After July 1, 2013
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