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Repossessions and Sale of Collateral
(Presented By: John McGarvey)
The most substantial change from former Article 9 to Revised Article 9 of the Uniform Commercial Code is in the new Part 6 on default and enforcement. In this two-hour webinar, we will explore the primary issues faced by secured lenders in pursuing their remedies after default and how the changes in Revised Article 9 affect those remedies.  | 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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WHAT?
Collateral is merely an alternative means of payment for a defaulted loan. Converting collateral to cash is full of pitfalls in both the repossession of the collateral and the process of disposition. This program covers the various remedies available to secured lenders and how to best use the remedies. This two-hour webinar provides:
A thorough review of the changes in Revised Article 9 concerning default and enforcement.
A detailed analysis of how to properly repossess and dispose of collateral.
Information on "safe harbor" notices of sale.
Suggestions on how to avoid penalties for failure to comply with the provisions of Revised Article 9.
WHY?
This program offers the information needed by secured lenders to assure compliance with the changes of Revised Article 9 of the Uniform Commercial Code. It further provides an examination of the various remedies available to secured lenders when enforcing their security interest. Participants will receive a detailed outline that can be used as a reference long after the program is completed.
PROGRAM CONTENT
This program covers not only the basic changes in Revised Article 9 of the Uniform Commercial Code but also the remedies given to, and obligations imposed on, secured lenders by the article. Topics include:
Default.
Debtors, Obligors and Guarantors.
Collection and Enforcement by Secured Parties.
Disposition of Collateral After Default.
Notice of Disposition and Sale Procedures.
Deficiency Judgments and the "Rebuttable Presumption" Rule.
Penalties for Failure to Comply.
WHO?
The program is designed for secured lenders including loan officers, compliance officers, workout officers, collection officers and other personnel. The program is presented at the a basic level.
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