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800.229.CLE1 (2531)           www.proedgroup.com           12401 Minnetonka Boulevard, Minnetonka, Minnesota 55305-3994

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Faculty

William Henning

Testimonials

Curriculum Organized by the MacCrate Report Criteria

Fundamental Lawyering Skills

Additional Lawyer Skill Sets

Loan Documentation for Lenders I

An Essential Guide to Article 9 of the UCC

William H. Henning

Henning new

Banking professionals have always been challenged by proper compliance with frustrating, complex rules for loan documentation. Efficient operations balancing compliance and customer service are more formidable than ever.

The regulations and court decisions demand far more than a reading to keep your practices and compliance procedures current. You must take the time and the opportunity to understand these challenges and to make the administrative and procedural changes they mandate. You have the rare opportunity to learn from a master teacher who has a long association with the National Conference of Commissioners on Uniform State Laws, Bill Henning.

Henning possesses the rare gift of understanding, coupled with the unique ability to explain in plain language, how you can meet the requirements of the most stringent bank examiner. He addresses state-specific issues so you will be able to operate with confidence in your own locale.

Bank examiners expect you to know and apply the rules. Bill Henning includes a detailed discussion of law and procedure, so your practices will comply with the law, regulations and current court decisions.

Henning understands that you need concise, practical solutions to your problems and he delivers in a manner that is informative and entertaining while avoiding legalese. He offers checklists that help you avoid overlooking critical documentation issues and demonstrates ways in which standard forms can be improved.

Program Outline & Schedule (6 hours)

[Part I: 90 minutes]

Understanding the terminology

  • debtors and obligors distinguished
  • secondary obligors
  • new debtors 
  • commercial tort claims
  • deposit accounts
  • healthcare insurance receivables
  • electronic chattel paper

[15 minute break]

[Part II: 90 minutes]

The Scope of Article 9

  • consignments
  • agricultural liens
  • consumer and consumer-goods transactions
  • secondary financing of real estate transactions
  • manufactured homes transactions
  • sales of promissory notes
  • special rules for software

[Lunch]

[Part III: 90 minutes]

Rules Governing Perfection by Filing

  • the form and content of the financing statement
  • where to file intrastate and interstate transactions
  • potentials and perils of electronic filing
  • increased availability of filing as an alternative (e.g., filing as to instructions)

[15 minute break]

[Part IV: 90 minutes]

Special Perfection Problems

  • cars and other goods subject to certificate of title laws
  • purchase money security interests
  • possession
  • control
  • temporary perfection and other special perfection problems

Rules Governing Foreclosure

  • forms for giving notice of sale
  • requirements for searching records prior to foreclosure
  • partial strict foreclosure
  • changes in penalties for creditor misconduct
  • special rules for consumers

[Adjourn]

 

 

Unconditional Guarantee
If you are not convinced that your understanding of the course topic has
improved after completion of any P.E.G. seminar, we will refund your course tuition.

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