Article 9 of the Uniform Commercial Code: What you need to know?
News Feed »
National Mortgage News: Fannie and Freddie Still Encourage Biased Appraisals | National Mortgage News: Fifth Third Names New Head of Mortgage Unit | National Mortgage News: Low Interest Rates Also Help Multifamily Debt Market: Survey | Reverse Mortgage Daily: Why a Republican CFPB Director Might Not Reduce Reverse Mortgage Regulation | National Mortgage News: LoanScoreCard Unveils Nonagency Pricing and Decisioning System | National Mortgage News: Marketing Tool Uses Big Data to Predict Home Buyers and Borrowers | National Mortgage News: People Movers of the Week: July 15 | Reverse Mortgage Daily: Reverse Mortgage Endorsement Numbers Begin to Show Surge |
Article 9 of the Uniform Commercial Code: What you need to know? (MLC540Z)
Types of Personal Property Covered by Article 9 and Their Legal Definitions
There are eleven substantive articles in the Uniform Commercial Code (UCC). Out of the eleven, Article 9, governs the secured transactions in personal property or fixtures. UCC Article 9 monitors enforcement and creation of security interests in intangible property, fixtures and movable properties. It governs secured transactions in all fifty states of the United States, where security interests are taken in personal property.
In this 60-minute session, Jeffery W. Johnson will provide an overview of 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. Jeffery will focus less on theory and more on the practical application of the rules under Article 9 including:
Types of personal property covered by Article 9 and their legal definitions
Preparing all UCC Financing Statements Forms properly to insure perfection
Utilizing the proper collateral descriptions on Security Agreements and Financing Statements
Filing the Financing Statements in the proper location and other areas of concern.
The loan documentation process
Introduction and history of the UCC Article 9
Types of collateral governed by the UCC
Collateral descriptions on Security Agreements & UCC Financing Statements
Completing the Financing Statements
Case studies, charts, and step by step analysis to certain occurrences from our charts and graphs
Review of UCC forms
Common errors when completing UCC forms
Completing and filling financial statements
Who should attend
Professionals in Banking, Credit and Financial Services Industry followed by Mid Management and Upper Management
Jeffery W. Johnson started his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender of SouthTrust Bank and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta.
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.