UCC Article 9 Amendments: Operating Under the New Rules

Navigating New Secured Lending Rules, Filing and Search Procedures, and Due Diligence Practices for Lenders

Recording of a 90-minute premium CLE webinar with Q&A

Conducted on Tuesday, December 17, 2013

Recorded event now available

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Program Materials

This CLE webinar will brief commercial finance attorneys on changes under UCC Article 9 amendments and outline how practitioners should adjust their search methods and due diligence practices in light of the new rules.

Description

New UCC Article 9 secured lending rules changed filing procedures, searching methods, and due diligence practices for lenders. Counsel in states that haven't yet adopted the amendments should update financing statements in progress to comply with the new requirements or face amending statements later.

Key changes include clarification of the debtor’s name, an expanded definition of “registered organization,” clarification of filing rules for trusts, greater protection for after-acquired assets if the debtor changes location or merges, and modification of the national form of financing statement.

Listen as our authoritative panel of attorneys discusses the key provisions of the new UCC Article 9 secured lending rules, focusing on changes in filing procedures, searching methods and due diligence practices, and best practices for complying with the new rules.

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Outline

  1. Key changes in the Article 9 amendments
    1. Filing procedures
    2. Filing rules for trusts
    3. Searching methods
    4. Debtor’s name
    5. Change in debtor’s location or merger
    6. National forms
  2. Due diligence practices

Benefits

The panel will review these and other key questions:

  • What are the key changes in the UCC Article 9 amended rules?
  • How do the new rules provide greater protection for after-acquired assets if the debtor changes location or merges?
  • What pitfalls do lenders face if they are not prepared to navigate the amended rules properly?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Kevin Caiaccio
Kevin Caiaccio
The Caiaccio Law Firm

Mr. Caiaccio concentrates his practice in all aspects of commercial real estate law. His expertise extends to the...  |  Read More

Professor Neil B. Cohen
Professor Neil B. Cohen
Professor
Jeffrey D. Forchelli Professor of Law

Mr. Cohen teaches courses in domestic and international commercial law, contracts, and constitutional law. For...  |  Read More

Richard R. Gleissner
Richard R. Gleissner
Partner
Gleissner Law Firm

Mr. Gleissner is certified by the South Carolina Supreme Court as a specialist in bankruptcy and debtor-creditor...  |  Read More

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