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A UCC-1 Financing Statement is used by financial institutions to perfect security interests in non-titled, non-deeded collateral, otherwise known as personal property. Completing the UCC-1 form and determining the appropriate filing office can be tricky. An improperly completed or filed UCC-1 will result in loss of your institution’s perfected security interest. This webinar on Tuesday, April 17, from 3:00 p.m. to 4:30 p.m., will explain how to properly complete each section of the UCC-1 Financing Statement and where to file it for every type of consumer and commercial debtor situation. You will also learn how to correct an inaccurate or improperly filed UCC-1.
For those participating in this webinar, you can expect to learn about:
- Line-by-line review of the UCC-1 Financing Statement and explanation of how to complete each section
- Review of the UCC-1 Addendum and when to use it
- Proper description of collateral
- Where to file for every type of consumer and commercial debtor
- How to correct an inaccurate or improperly filed UCC-1
After participating in this webinar, attendees will receive: An official UCC-1 Financing Statement and Addendum and UCC-5 Information Statement; employee training log; and a quiz you can administer to measure staff learning and a separate answer key.
This webinar is offered through the League's partnership with the CU Webinar Network. For more information or to register, please click here.