Webinar: How to Properly Complete & File Financing Statements: Including UCC Article 9 Rule Changes Effective July 1, 2013
The last major revision to UCC Article 9 occurred more than 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. There are also new procedures for determining the proper legal name of a debtor and the security interest in after-acquired property when the debtor moves to another state. This webinar 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, New York has not as of this document's publication.
About This Session:
This webinar will cover the following topics:
- 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 with a copy of the new UCC-1 financing statement and a chart listing the new changes were adopted in each state
Who Should Participate:
Any credit union employees involved in the credit process, including loan operations personnel, loan officers, compliance staff, attorneys and managers
About the Presenter:
Elizabeth Fast, JD & CPA, Spencer Fane Britt & Browne LLP
Elizabeth Fast, Esq., is a partner with Spencer Fane Britt & Browne LLP, where she specializes in the representation of financial institutions and acts as head of the firm's training division. Before joining Spencer Fane, she was General Counsel, SVP and Corporate Secretary of a $9-billion bank with more than 130 branches, where she managed all legal, regulatory and compliance functions. Fast is a member of the Missouri State Banking Board by appointment of the governor.