Securing Collateral
Collateral is required with the majority of loans, but understanding the details to ensure that we have accurately perfected our security interest is essential! Join us as we discuss identifying the parties to the loan transaction, including the role of guarantors. Key terminology and a summary of the Uniform Commercial Code articles will be discussed with an in-depth focus on Article 9 – Secured Transactions and the various types of filings. Tips for conducting UCC searches and common errors with UCC filings will be reviewed. Not sure how to determine if the collateral is personal property or a fixture? We will explain how to work though this identification process. Last, perfection tips and pitfalls by collateral category will be explained.
What You’ll Learn:
- Summary of each UCC Article
- Focus on Article 9 – Secured Transactions
- Types of UCC Filings
- UCC filing common errors
- Tips on conducting UCC searches
- Is it personal property or a fixture? Let’s utilize the MARIA test!
- Identifying the parties to the transaction
- Collateral categories: perfection & pitfalls
Who Should Attend?
This session is designed to be informative for all bank employees who need to understand security agreements and collateral perfection.
Presenter
Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the “why” behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.
Registration Options
$279 Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts
Available Upgrades:
- 12 Months OnDemand Playback + $120.00
- 12 Months OnDemand Playback + Digital Download + $150.00
- Additional Live Access + $125.00 per person