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Securing Collateral Part 2: Form UCC-3 & Amending, Continuing or Terminating Security Interests

Get a line-by-line review of UCC-3 Financing Statement Amendment and the UCC-3Ad Financing Statement Amendment Addendum and an explanation of how to complete each section.

Apr 27, 2017 02:00 PM   -­­  Apr 27, 2017 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders

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Description

A UCC-3 Financing Statement Amendment is required to be filed in various situations, such as when the creditor needs to amend an existing UCC filing, continue an existing UCC filing, assign an existing UCC filing, or terminate an existing UCC filing. Do you know when the UCC-3 form needs to be filed and how to properly complete the form? What about more difficult questions? Is filing a UCC-3 to amend an existing UCC filing retroactive? Can a UCC-3 be used to assign an existing UCC filing even though the debt is not assigned? Must a UCC-3 be filed when the debt is paid in full? What happens when a UCC-3 is filed too late to continue an existing UCC filing? These and many other must-know questions will be addressed in this important webinar.

Learning Objectives

  • Line-by-line review of UCC-3 Financing Statement Amendment and the UCC-3Ad Financing Statement Amendment Addendum with explanation of how to complete each section
  • When to use these forms
  • How to add or delete collateral on an existing UCC filing
  • What to do when a debtor changes his/her/its name or address
  • When termination of an existing UCC filing is required

Speaker

Elizabeth Fast, Spencer Fane, LLP

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