Securing Collateral Part 2: Purchase Money Security Interests: Taking Priority Over a Perfected Creditor
On-Demand Webinar
StreamedSep 20, 2022Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Your institution is at a disadvantage if you don’t understand the special rules regarding collateral.
Make it a priority to understand
how to properly take priority over another creditor with Part 2 of this
two-part series.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Explain how your institution can obtain priority over an existing perfected creditor
- Define the specific steps and timeframes that must be satisfied under UCC Article 9 to qualify for a priority purchase money security interest
- Understand the special rules for different types of collateral
- Identify the situations when your institution must give prior notice to existing creditors
- Fight back against another creditor that claims a purchase money security interest over your existing perfected security interest
WEBINAR DETAILS
Part 2 of this two-part series will explain how
your institution can obtain a priority purchase money security interest even
though another secured party already holds an existing perfected security
interest in the collateral. UCC Article
9 details the steps that must be taken and the timing that must be satisfied to
obtain priority over an existing perfected creditor and the steps and time
periods differ depending on the type of collateral. Don’t operate at a disadvantage by not
understanding these special rules! Join
us for a deep dive into purchase money security interests.
WHO SHOULD ATTEND?
This informative session will
benefit everyone involved in the credit process, including loan operations
personnel, loan officers, underwriting staff, compliance personnel, auditors,
attorneys, and managers.
TAKE-AWAY TOOLKIT
- Checklist of procedures to obtain priority purchase money security interest (covering all different collateral types)
- Form of notice to be sent to existing secured parties
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Spencer Fane LLP
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC