CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
Many
loans extended by commercial banks are secured by personal property, which
is governed by Revised Article 9 of the Uniform Commercial Code (UCC). The
UCC governs secured transactions by taking most kinds of collateral for
loans. It answers questions such as:
- How to protect rights to collateral against the
claims of others.
- How to describe collateral in security agreements
and financing statements.
- Where to file financing statements.
Commercial/Consumer
Lenders and Loan Administrators must understand Revised Article 9 as it
relates to collateral attachment and perfection of personal property. We’ll
provide an overview of the UCC and focus on the most relevant factors
bankers and administrators need to know to perform routine duties and
protect the bank’s security interests in assets taken as collateral. We’ll
focus on practical application of UCC rules. Highlights will include:
- New collateral now covered by Revised Article 9
- Revised definitions of existing collateral covered
by Revised Article 9
- Completing the Financing Statements properly
- Utilizing the proper collateral descriptions on
Security Agreements and Financing Statements
- Filing the Financing Statements in the proper
location and other areas of concern
Leave
with an understanding of how to document, close and record secured
transactions covered by Revised Article 9 of the UCC. Get good working
knowledge for managing the most common commercial and consumer secured
transactions governed by Revised Article 9.
Covered
Topics:
- The Loan Documentation Process
- Collateral Definitions
- Attachment and Perfection Rules
- Collateral Descriptions on Security Agreements
& UCC Financing Statements
- Completing the Financing Statements to avoid
rejection and provide legal protection
- Filing the Financing Statement in the proper
location depending upon the type of collateral obtained
- Review the major 2013 Amendments particularly as it
relates to the name of the debtor to be used on a Financing Statement
and maintaining perfection after a debtor changes their name or
location
Who
Should Attend?:
Senior
Credit Officers, Loan Officers, Loan Operations Personnel, Loan
Administrative Assistants and Secretaries, Branch Managers, Loan Review
Officers, and Compliance Officers. Please
forward email to appropriate person(s).
Instructor:
Jeffery
W. Johnson started his career
with SunTrust Bank in Atlanta as a Management Trainee and progressed to
Vice President and Senior Lender of SouthTrust Bank and Senior Vice
President and Commercial Banking Division Manager for Citizens Trust Bank
of Atlanta. Most of his career has been spent in Credit Administration,
Lending, Business Development, Loan Review, Management and Training &
Development. He has managed loan portfolios representing a cross section of
loan types including: Large Corporate, High Net Worth Individual, Middle
Market Companies, Small Business, Real Estate and Non-Profit Organizations.
Mr. Johnson is now a training professional in the financial industry by
leading various seminars covering important topics relating to issues in
financial institutions. He teaches actively for fifteen state banking
associations in the United States, Risk Management Association (RMA) and
individual financial institutions nationwide. He co-authored a training
course entitled "Lending to Service and Other Professional
Organizations" for RMA in 2001. Mr. Johnson earned a B.A. Degree in
Accounting from Morehouse College in Atlanta; a MBA in Finance from John
Carroll University in University Heights, Ohio; Banking diploma from
Prochnow School of Banking at the University of Wisconsin and a Graduate
Certificate in Bank Management from the Wharton School of Business at the
University of Pennsylvania.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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