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 the principles of Revised Article 9 under the Uniform Commercial Code as it relates to collateral attachment and perfection.

The effective date for the amendments to be activated is July 1, 2013. These amendments provide greater guidance for the name of the Debtor to be inserted on the Financing Statement and clarify which name of a registered organization is recognized as the legal name. The amendments also deals with perfection issues arising from property acquired after the Debtor (Individual or organization moves to a new jurisdiction and others.

Course Objectives:

This course 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. The course 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.

In addition, this course 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 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.

Course Outline:

• New Changes to Go Into Effect 7/1/2013

        • Review of the new UCC Forms
        • Completing the Financing Statements
        • Filing the Financing Statement

• Solicitation
• Application
• Investigation
• Evaluation
• Decision
• Documentation
• Administration
• Collection
• How to complete and File
• Review of UCC Forms
• Indiana Administrative Rules
• 2010 Amendments to the UCC
• Financing Statements
• Review of UCC Forms
• Uniform Law Commission

What You Get:

•  Training Materials
•  Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

• Credit Officers who are interested in learning at the managerial level
• Novice Credit Officers who are starting their careers in Credit and Lending.
• Enhanced Credit Underwriting Skills in Consumer Lending
• Early Recognition of Potential Problem Loans
• Lower Past Due Loans and Loan Losses
• Enhanced Understanding of Lending Regulations
• Ability to Analyze an Income Tax Return
• Credit Officers/Risk Managers Senior Loan Officers
• Commercial & Consumer Loan Officers
• Commercial Branch Officers
• Credit Analysts
• Auditors
• Accounting