$99.00 - Essentials of the 2010 Amendments to UCC Article 9 for Commercial Lenders - Non-Member Rate
$50.00 - Essentials of the 2010 Amendments to UCC Article 9 for Commercial Lenders - Member Rate
Originally Aired April 5, 2012. In 2010, the Uniform Law Commission and American Law Institute approved the first significant changes to Article 9 of the Uniform Commercial Code since the last revision more than a decade ago. Many of the 2010 Amendments to Article 9 merely clarify existing law. Several changes, however, will have a significant impact on the process for perfection and priority of security interests. For example, new rules will apply for the already strict standards for sufficiency of debtor names on UCC financing statements. In addition, the 2010 Amendments replace the current national safe harbor UCC forms with new versions that contain subtle, but important differences. Secured lenders must ensure that their due diligence procedures comply with the new requirements and have their loan documentation teams trained before the 2010 Amendments take effect on July 1, 2013. This presentation focuses on the specific changes that will have the largest impact on commercial lenders and offers recommendations for compliance with the 2010 Amendments.
What you will learn:
Paul Hodnefield, Associate General Counsel, Corporation Service Company