The last major revision to UCC Article 9 occurred over a decade ago. At long last, the Uniform Law Commission has recommended new changes to UCC Article 9 that become effective July 1, 2013. Most of the changes relate to properly completing and filing UCC financing statements, including a change in the required information listed on the financing statement. In addition, there are new procedures regarding determining the proper legal name of the debtor and the security interest in after-acquired property when the debtor moves to another state. This session will cover the Article 9 changes and thoroughly explain how to complete each section of the new UCC-1 financing statement together with the proper filing requirements.
Although it is anticipated that every state will adopt the new UCC changes by July 1, at press time, these states hadn’t: California, Delaware, Georgia, Maine, New Jersey, New York, and Vermont. Visit http://www.uniformlaws.org/Act.aspx?title=UCC Article 9 Amendments (2010) Article 9 Amendments (2010) to check on the current adoption status.
- Review of all new changes to UCC Article 9
- Practical recommendations on how your credit union can comply with these new changes
- Review of new UCC-1 financing statement
- Explanation of how to properly complete each section of the new form
- Review of proper filing requirements for financing statements
- TAKE-AWAY TOOLKIT
- Copy of new UCC-1 financing statement
- Chart listing which new changes were adopted in each state
Who Should Attend?
This informative session is useful for any credit union employees involved in the credit process, including loan operations personnel, loan officers, compliance staff, attorneys, and managers. Attendance verification for CE credits provided upon request.
About the Presenter – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
|Over $75 million
|$7 - 75 million
|Under $7 million
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.