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A UCC-3 Financing Statement Amendment is required to be filed in various situations, such as when the creditor needs to amend an existing UCC filing, continue an existing UCC filing, assign an existing UCC filing, and terminate an existing UCC filing. Do you know when the UCC-3 form needs to be filed and how to properly complete the form? What about more difficult questions? Is filing a UCC-3 to amend an existing UCC filing retroactive? Can a UCC-3 be used to assign an existing UCC filing even though the debt is not assigned? Must a UCC-3 be filed when the debt is paid in full? What happens when a UCC-3 is filed too late to continue an existing UCC filing? These and many other must-know questions will be addressed in this important webinar.
HIGHLIGHTS
Line-by-line review of UCC-3 Financing Statement Amendment and the UCC-3Ad Financing Statement Amendment Addendum with explanation of how to complete each section
When to use these forms
How to add or delete collateral on an existing UCC filing
What to do when a debtor changes his/her/its name or address
When termination of an existing UCC filing is required
TAKE-AWAY TOOLKIT
Official UCC-3 Financing Statement Amendment, and UCC-3Ad Financing Statement Amendment Addendum, including instructions
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PARTS 1 & 3!
This program is the second of three in a series – look for Securing Collateral Part 1: Form UCC-1 – Initial Filing & Perfection of Security Interests on Thursday, March 23, 2017
AND Securing Collateral Part 3: Legal & Compliance Issues in Obtaining Priority in Collateral, Including Purchase Money Security Interests - on Thursday, May 18, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Chief Credit Officers, loan officers, loan operations staff, credit administration personnel, managers, compliance personnel, auditors, attorneys, and others involved in the credit process.
ABOUT THE PRESENTER – Elizabeth Fast, Spencer Fane LLP Elizabeth Fast is a partner 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.
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