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.
Who Should Attend
This session is designed to be informative for all bank employees who need to understand security agreements and collateral perfection.