This course is a comprehensive Uniform Commercial Code (UCC) secured lending program for persons new to banking and a good refresher course for experienced staff. We’ll focus on perfecting a valid, enforceable security interest on various types of commercial and consumer collateral, including documentation, filings, and analysis of lien positions.
What You’ll Learn
- Overview and UCC definitions
- Article 9 secured transactions
- Perfection and attachment
- Rules of priority
- UCC forms and how they work: UCC-1, UCC-3, UCC-5, UCC-11
- Common mistakes: debtor names, collateral descriptions, filing locations
- Titled assets
- Special rules for intellectual property
- Special filing offices
Who Should Attend
Lenders, loan support staff, and loan quality personnel at any level.