Aug 2

Securing Loans with Cash: Using Deposit & Brokerage Accounts to Reduce Loss Risk

Registration Options & Pricing

Please select your membership status.

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your bank
  • Presenter’s contact info for follow-up

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Deposit accounts, certificates of deposit, brokerage accounts, and mutual funds can be used as loan collateral. Although that sounds simple, the only way to perfect a security interest is by taking possession of the account or obtaining a “control agreement” signed by three parties: the debtor, secured party, and institution holding the account. Simply filing a UCC-1 financing statement does not properly perfect your interest. Applicable to both consumer and business loans, these rules apply whether the borrower is pledging a certificate of deposit at your institution or a mutual fund or brokerage account held at another bank or brokerage firm.

The control agreement must comply with UCC requirements. In addition, there are provisions that should be considered depending on whether your bank is the creditor taking a security interest or the depository that holds the account. This webinar will include a sample deposit account control agreement form that explains which provisions benefit the secured party versus those that benefit the institution holding the account.

Continuing Education:   Attendance verification for CE credits upon request


  • How to obtain a security interest in deposit accounts, certificates of deposit, brokerage accounts, mutual funds, etc.
  • Properly perfect your security interest
  • Perfection by possession versus perfection by control agreement
  • Necessary control agreement provisions, including those that benefit the secured party versus the institution holding the account
  • Bank liabilities and responsibilities
  • How to liquidate a deposit or brokerage account in the event of default
  • Difference between a collateral security interest and a right of setoff to a deposit account

    • Sample control agreement form to perfect your security interest
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key


"How to Complete & File UCC-1 Financing Statements"
Thursday, April 19, 2018


This informative session will benefit loan officers at all levels, loan operations personnel, credit administration staff, and others involved in the credit process.


NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.


Spencer Fane LLP
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