UCC3 Financing Amendment and Termination Statements: Avoiding Loss of Lien Perfection or Priority
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will brief counsel on the proper use of the UCC3 financing amendment and termination statements, identify potential pitfalls that can result in a lender's loss of secured interest or priority of lien, and offer best practices for secured parties to avoid unnecessary risks and costly mistakes.
Outline
- Amendments: when are they required, when are they not necessary?
- Terminations: what circumstances require a secured party to file a termination statement?
- Continuations and assignments: what scenarios do these statements cover?
- Common pitfalls and correcting mistakes in UCC3 financing statements
Benefits
The panel will review these and other relevant issues:
- When are amendments to UCC financing statements required, and when are they not necessary?
- What circumstances require a secured lender to file a termination statement?
- What are the most common pitfalls in filing UCC3 financing statements, and how and when can lenders correct mistakes?
Faculty
R. Marshall Grodner
Member
McGlinchey Stafford
Mr. Grodner's practice focuses primarily on commercial transactions, secured transactions, commercial finance,... | Read More
Mr. Grodner's practice focuses primarily on commercial transactions, secured transactions, commercial finance, opinion letters, commercial real estate and gaming law. He has an extensive practice representing lenders in large commercial transactions, locally, regionally and nationally. He authored or co-authored articles dealing with secured transactions, commercial real estate and other business law issues, and also presented on issues concerning loan documentation, secured transactions, ethics and professionalism in the transactional context and real estate law.
Close
Paul Hodnefield
Associate General Counsel
Corporation Service Company
Mr. Hodnefield is a frequent speaker on Revised Article 9 search and filing issues who has written several articles and... | Read More
Mr. Hodnefield is a frequent speaker on Revised Article 9 search and filing issues who has written several articles and white papers on the subject that have been published in The Secured Lender, NPRRA Record, as well as in CSCFlashTM. Mr. Hodnefield is an active participant in the International Association of Commercial Administrators (IACA) Secured Transactions Section and formerly served on the Board of Directors of the National Public Records Research Association. In addition to his role at CSC, Mr. Hodnefield has served as an adjunct professor at the University of Minnesota Law School, where he taught courses on public records and business ethics. Prior to joining CSC, he was President of US Corporate Services, a national UCC service provider.
CloseEarly Discount (through 05/24/24)
Cannot Attend June 20?
Early Discount (through 05/24/24)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.