UCC Uniform Commercial Code
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Instructor Profile:
Craig Nelson has over 33 years of bank experience with progressively growing responsibilities and expertise and leadership. He began his career in banking with Wells Fargo (formerly named Northwestern Bank Corporation a/k/a Norwest) serving as a staff auditor in 1980. After 33 years of banking Craig was most recently serving banks in the role of Chief Credit Officer and Executive Vice President and/or division head of credit administration.
The majority of Craig's banking career has been dedicated to establishing, maintaining, leading and directing credit administration/operations and credit risk functions including credit underwriting and approval, special assets/workout management, credit review and senior lender/chief credit officer responsibilities.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Description: This course will provide an overview of Revised Article 9 and will focus on the most relevant factors bankers and administrators need to know in order to "Attach" & "Perfect" the most common forms of personal property. The course will focus less on theory and more on the practical application of the rules under Revised Article 9 including: Types of personal property covered by Revised Article 9 and their legal definitions; Preparing all UCC Financing Statements Forms properly to insure perfection; Utilizing the proper collateral descriptions on Security Agreements and Financing Statements; Filing the Financing Statements in the proper location and other areas of concern.
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Why Should you Attend? Many loans extended by commercial banks are secured by personal property which is governed by Revised Article 9 of the Uniform Commercial Code. It is important for Commercial Lenders, Consumer Lenders and Loan Administrators to understand the principles of Revised Article 9 under the Uniform Commercial Code as it relates to collateral attachment and perfection. www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Objectives of the Presentation: The objectives of the presentation are to learn about varied topics including: New Changes to Go Into Effect 7/1/2013 – Review of the new UCC Forms – Completing the Financing Statements – Filing the Financing Statement • Solicitation, Application • Investigation, Evaluation • Decision, Documentation, Administration, Collection • The Loan Documentation Process, Collateral Definitions • Types of Collateral Governed by the UCC, Attachment and Perfection Rules • Collateral Descriptions on Security Agreements & UCC Financing Statements • Completing the Financing Statements, 2010 Amendments to the UCC • Financing Statements, How to complete and File • Review of UCC Forms, Indiana Administrative Rules • 2010 Amendments to the UCC, Financing Statements • How to complete and File, Review of UCC Forms • Indiana Administrative Rules & Uniform Law Commission
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Who can Benefit? • • • •
Credit Officers/Risk Managers Senior Loan Officers Commercial & Consumer Loan Officers Commercial Branch Officers Credit Analysts Auditors Loan Review Officers Accounting Personnel Directors
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Live Session - How it works? Username and Password will be sent to you 24 hours prior to the webinar Presentation handouts in pdf format will be mailed to you Login to the session using the username and password provided to you Get answer to your queries through interactive Q&A sessions via chat Get certification of attendance.
Recorded Session - How it works? A link will be provided to you upon purchase of the recorded session Please click on the link to access the session Presentation handouts in pdf format will be mailed to you Get certification of attendance.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
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www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com