Do you know how to correctly complete each section of the UCC-1 Form and where to file it for every type of consumer and commercial debtor situation?
Filing a UCC-1 Financing Statement is the most common method to perfect a security interest in collateral. However, 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 correctly complete each section of the UCC-1 Form and where to file it for every type of consumer and commercial debtor situation. You’ll also learn how to correct an inaccurate or improperly filed UCC-1 Form.
- Properly complete every section of the UCC-1 Financing Statement
- Distinguish when the UCC-1 Addendum is required
- Describe the collateral in the collateral section of the UCC-1 Financing Statement
- Know where to file a UCC-1 Financing Statement for every type of consumer and commercial loan
- Correct an inaccurate or improperly filed UCC-1 Financing Statement
- TAKE-AWAY TOOLKIT
- Copies of official UCC-1 Financing Statement and Addendum and UCC-5 Information Statement
- Employee training log
- Interactive quiz
WHO SHOULD ATTEND?
This informative session will benefit anyone involved in the credit process, including loan operations staff, loan officers, compliance personnel, auditors, attorneys, and managers.
SPEAKER: Elizabeth Fast, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne 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.