Mortgage Daily: CIT Takes Big Hit on Reverse Mortgage Business | Credit Union National Association: Outdoor learning a part of SE CUNA Mgmt. School | National Mortgage News: Ditech Sets Layoffs in Texas and North Carolina | CU Times: Half of Fed IT Vulnerabilities Go Unresolved for Weeks: Tripwire | Bank of America: Bank of America Increases Prime Lending Rate | National Mortgage News: LoanScoreCard Unveils Nonagency Pricing and Decisioning System | National Mortgage News: Existing Home Sales Momentum Slowing Down: Ten-X | National Mortgage News: Three Steps to Stronger Fintech-Government Ties |
Revised Article 9 of the Uniform Commercial Code: What you need to know? (MLC540Z)
for a group pricing
Types of Personal Property Covered by Revised Article 9 and Their Legal Definitions
There are eleven substantive articles in the Uniform Commercial Code (UCC). Out of the eleven, Article 9, which governs the secured transactions in personal property or fixtures, has been revised resulting in significant changes in most aspects of the law. 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 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. Jeffery will focus less on theory and more on the practical application of the rules under Revised Article 9 including:
Types of personal property covered by Revised 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.
Topics covered in the session:
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
UCC Article 9 Amendments 2010 Summary
Review of UCC forms
Common errors when completing UCC forms
Completing and filling financial statements
Legislative fact sheet
Who should attend
Beginner Professionals in the Banking, Credit and Financial Services Industry followed by Mid Management and Upper Management.
*Single User Price. For multiple users please call 1-800-223-8720
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.