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Common Mistakes in UCC Filings
(Presented By: John McGarvey)
It has been nearly 5 years since the major changes to Article 9 of the Uniform Commercial Code (UCC) took effect. Many lenders are still adjusting to the new requirements on secured transactions, not just because they're different than in the past, but also because they can be confusing.  | WEBINAR TIME:
11:30AM-1:30PM PT
12:30-2:30PM MT
1:30-3:30PM CT
2:30-4:30PM ET |
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Mistakes can be made at the loan closing in the preparation and filing of security documents. These may come back to haunt the lender for years after the loan is made. This two-hour webinar focuses on common errors in preparing and filing UCC documents and the steps necessary to eliminate those mistakes.
This webinar provides lenders, loan review staff, and auditors with the knowledge to ensure the proper filing of UCC documents.
In this two-hour presentation, you will learn:
Frequent filing errors;
When a financing statement can be rejected by the filing officer;
How to determine if the borrower's name is correct;
How to file on real estate related collateral;
How to determine where to file UCC-1 forms and amendments;
The multiple uses of the official amendment form, and more.
The program is designed for loan officers, auditors, and other loan department personnel with responsibilities for filing and ensuring the accuracy of UCC documents. The program is presented at the intermediate level. An understanding of the basic requirements of Article 9 of the Uniform Commercial Code is assumed.
PRESENTER
John McGarvery is a shareholder and chairperson of the executive committee of Morgan & Pottinger, P.S.C. His practice concentrates in the representation of banks and other lenders in litigation, secured transactions and other matters under the Uniform Commercial Code. John is a member of the American Bar Association's Section of Business Law and the Committees on the Uniform Commercial Code, Commercial Financial Services and Banking Law; and the Subcommittees on Secured Transactions, Loan Workouts, and Banking and Commercial Litigation; and was a co-editor of the Association's newsletter on Banking and Commercial Litigation (1991-1993). He is also a member of The Conference on Consumer Finance. He chaired Kentucky's drafting committee for Revised Article 9. John is an adjunct professor at the University of Kentucky College of Law teaching secured transactions. He has taught hundreds of seminars on legal issues affecting financial institutions and credit extenders for organizations such as the Banking Law Institute, National Association of Retail Credit Attorneys, Practicing Law Institute, among others.
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888-229-8872