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.

Attendance certificate provided to self-report CE credits.

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.