The Uniform Commercial Code Article 9 Update

Training Provided by Lorman Education Services Concerned about how UCC Article 9 has changed - and how your practices may be impacted? Attend this enlightening seminar and learn how to decipher revised Article 9 rules that seem to be causing the greatest problems in the commercial world. Our seasoned professionals will provide practical answers to your most pressing questions about collateral descriptions. You'll get an inside look at how to respond to confusing issues surrounding perfection forms. This seminar is presented by experts who practice revised Article 9 law in the trenches every day of their professional lives. Take advantage of this opportunity to get clarification on the rules so that secured lending can be safe and profitable for your business. Register today! Benefits for You - Get up to speed on revised UCC Article 9 categories and types of collateral - Make sense of the priorities between competing security interests and liens - Find out what lenders need to know about how UCC changes affect crop liens - Comply with critical time lines when your debtor changes its name or business form - Learn about the effect of agricultural liens included in the new UCC

The Uniform Commercial Code Article 9 Update Agenda

This seminar will be presented by John S. Foster and Tracy A. Kennedy.

8:00 am - 8:30 am Registration

8:30 am - 12:00 pm Scope of Revised Article 9 UCC Secured Transactions

(Break 10:30 am - 10:40 am)

Revised UCC Article 9 Categories and Types of Collateral - The Beauty of Deposit Accounts as Collateral

Collateral Descriptions in Security Agreements and UCC-1s

Places to File Your UCC-1 Are Driven by Debtor Location and Not Collateral Location - Rigid Rules to Follow and Critical Time Lines to Comply With When Your Debtor Changes Its Name or Business Form

Electronic Signatures on Security Agreements and the No-Signature Requirement for UCC-1s - Sometimes You May Have to File on a Debtor Who Is Not Your Customer

The Nationwide Official UCC Revised Article 9 Perfection Forms and Some North Dakota Specific Variations

12:00 pm - 1:00 pm Lunch (On Your Own)

1:00 pm - 4:30 pm Perfection by Control for Certain Types of Collateral - Is Control Better Than Filing?

(Break 2:30 pm - 2:40 pm)

Perfection by Possession for Certain Types of Collateral

Automatic Perfection Occurs for Limited Types of Collateral

Other Types of Perfection Outside or in Addition to the UCC

Priorities Between Competing Security Interests and Liens - "Who's on First?"

IRS Lien Priority in Collateral

Default, Repossession and Disposition of Collateral - Notification Requirements Are Critical!

The Effect of Agricultural Liens Being Included in the New UCC

What Lenders Need to Know About Changes in the UCC and Its Effect on Crop Liens

How Lenders Can Challenge Agricultural Processors and Agricultural Suppliers

Revised Article 9 Pros and Cons

About The Training Provider: Lorman Education Services

More Banking Training from Lorman Education Services

• Bankruptcy Preferences
• Commercial Real Estate Finance in Challenging Times
• Complying With Federal and State Mortgage Lending Laws, and Other Developments in the Mortgage Market
• Current Issues in Construction Lending
• Current Trends in Green Lending
• Designing Effective Interest Rate Risk Management in Turbulent Times
• Document Retention and Destruction Policies for Financial Institutions
• Enabling Loan Processes with Paperless Files
• FCRA and FACT Act Regulatory and Litigation Update 2009
• FDIC's Role When a Financial Institution Fails: What Businesses and Bankers Need to Know
• IRA Rollovers and Transfers: Common Portability and Processing Concerns
• New Rules and Formats for International ACH Transactions
• Payment Fraud
• Recent Developments With Loan Syndications
• Strategies Short of Foreclosure: Real Estate Short Sales and Beyond
• The Basics of Business Banking Litigation, Default, Workout, Repossession, Foreclosure and Bankruptcy: A Secured Lender's Perspe