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UCC Issues: What Every Lender Should Know*

Type: Phone/Webcast
Date: 08/12/2010 thru 08/12/2010
Location: Your Office, 2-3:30 CT,
Event Contact: awhitaker@kybanks.com
Brochure

How can your bank protect its lien priority in collateral? This session will teach your lenders how to obtain and properly perfect a security interest in UCC collateral, including accounts, stocks and mutual funds, equipment, inventory, accounts receivable, general intangibles, and farm products. Learn about situations where filing a UCC-1, taking possession, or obtaining a third-party control agreement is required for perfection.

What happens when the loan goes bad? A mistake in the repossession process can cause your bank to lose its right to go against the debtor for a deficiency and cause substantial damages to your bank. The repossession process will be covered, starting with the decision to foreclose and ending with the sale of collateral at a private or public sale.

HIGHLIGHTS
  • Requirements of UCC Article 9
  • Creating the security interest
  • Perfecting the security interest - when is possession, filing, or third-party control required?
  • How to create a purchase money security interest with priority
  • Conducting self-help repossession
  • Requirements of a "commercially reasonable" sale

    WHY SHOULD YOU PARTICIPATE
    This session is a cost-effective way to learn the UCC Article 9 requirements. You may train as many individuals as you like for one set price. There will be no travel costs, no time lost from work, and no one will be required to leave the institution.

    WHO SHOULD ATTEND
    This session is useful for loan officers at all levels, loan operations personnel, credit administration personnel, and others involved in the credit process.

    TO REGISTER
    Online registration is available below. We encourage you to use the online system, but if you prefer paper,
    click here for a printable program brochure with registration form.

    ABOUT THE PRESENTER
    Elizabeth Fast, JD & CPA, Bankers Choice 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 known as Bankers Choice. 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 mem-ber of the Missouri State Banking Board by appointment of the Governor.

    WHAT IS A WEBINAR/ON-DEMAND WEB LINK
    The LIVE WEBINAR allows 1 phone connection and 1 Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. Registrants will receive a toll-free number and pass code allowing entrance to the webinar. The session will be approximately 90 minutes in length, including question and answer sessions. The pin number, hookup instructions and handouts will be emailed 3-5 business days prior to the webinar. Registrants will need the most current version of Adobe Acrobat Reader, which is available free at www.adobe.com.

    The ON-DEMAND WEB LINK is a recording of the live webinar, including audio, visuals and handouts. The presenter's email address is also provided for follow-up questions. Within 5 business days, following the webinar, registrants will be provided with a web link that can be viewed anytime 24/7 for 6 months (the link will expire 6 months after the live program date). AS AN ADDED BONUS, registrants will also receive a FREE CD. The CD includes the original audio/visual presentation, question and answer sessions and handouts. CD for PC use only.

    e-Events : Event Registration Detail
    Event Location
    Your Office, 2-3:30 CT

  • Registration Fees
    KBA Live Webinar & Written Materials $255
    KBA On-Demand Web Link (Plus FREE CD) $275
    Non-Member Pricing

     


     

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