A UCC-1 Financing Statement is used by financial institutions to perfect security interests in non-titled, non-deeded collateral, otherwise known as personal property. Completing the UCC-1 form and determining the appropriate filing office can be tricky. An improperly completed or filed UCC-1 will result in loss of your institution’s perfected security interest. This webinar will explain how to properly complete each section of the UCC-1 Financing Statement and where to file it for every type of consumer and commercial debtor situation. You will also learn how to correct an inaccurate or improperly filed UCC-1.
- Line-by-line review of the UCC-1 Financing Statement and explanation of how to complete each section
- Review of the UCC-1 Addendum and when to use it
- Proper description of collateral
- Where to file for every type of consumer and commercial debtor
- How to correct an inaccurate or improperly filed UCC-1
- Official UCC-1 Financing Statement and Addendum and UCC-5 Information Statement
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session will benefit those 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 LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
Originally recorded on April 19, 2018.
Recorded webinar link is available until October 31, 2018.
Free Digital Copy included with purchase to download and view beyond link expiration date.
Price includes sales tax.