> Webinar: How to Properly Complete & File Financing Statements: Including UCC Article 9 Rule Change

Thursday, May 09, 2013
3:00 PM Eastern Daylight Time
4:30 PM

 

The last major revision to UCC Article 9 occurred over a decade ago. At long last, the Uniform Law Commission has recommended new changes to UCC Article 9 that become effective July 1, 2013. Most of the changes relate to properly completing and filing UCC financing statements, including a change in the required information listed on the financing statement. In addition, there are new procedures regarding determining the proper legal name of the debtor and the security interest in after-acquired property when the debtor moves to another state. This session will cover the Article 9 changes and thoroughly explain how to complete each section of the new UCC-1 financing statement together with the proper filing requirements.

Although it is anticipated that every state will adopt the new UCC changes by July 1, at press time, these states hadn’t: California, Delaware, Georgia, Maine, New Jersey, New York, and Vermont. Visit http://www.uniformlaws.org/Act.aspx?title=UCC Article 9 Amendments (2010) to check on the current adoption status.

HIGHLIGHTS

  • Review of all new changes to UCC Article 9
  • Practical recommendations on how your credit union can comply with these new changes
  • Review of new UCC-1 financing statement
  • Explanation of how to properly complete each section of the new form
  • Review of proper filing requirements for financing statements
  • TAKE-AWAY TOOLKIT
  • Copy of new UCC-1 financing statement
  • Chart listing which new changes were adopted in each state

WHO SHOULD ATTEND?
This informative session is useful for any credit union employees 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 Britt & Browne, 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.

PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

THREE REGISTRATION OPTIONS
1.  LIVE WEBINAR

The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.

2.  ON-DEMAND WEB LINK** AND FREE CD ROM*
Can't attend the live webinar?  The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date.  But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.

3.  BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes options 1 and 2 above
*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.

NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.

INVESTMENT:
$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM

TIME: 3:00 p.m. - 4:30 p.m.

To register and pay by check, email Mary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.