Securing Collateral Part 1: Forms UCC-1 & 3: Filing, Perfection, Amending & Terminating

Filing a UCC-1 Financing Statement is the most frequently used method to perfect your institution’s security interest in collateral.  The completion of the UCC-1 form and the determination of the appropriate filing office can be tricky.  An improperly completed or improperly filed UCC-1 will result in loss of your institution’s perfected security interest.  This webinar will explain how to properly complete each section of the UCC-1 and where to file the UCC-1 in every type of consumer and commercial situation.  Furthermore, filing a UCC-3 Financing Statement Amendment is required in various situations, such as when your institution needs to extend, amend, assign, or terminate an existing UCC filing.  This webinar will explain the situations when your institution must file the UCC-3 and how to properly complete it.