How to Properly Obtain & Perfect a Security Interest in Various Forms of Collateral
This session will explore the specific documents required to obtain a security interest in various forms of collateral and the appropriate method for perfection, including issues associated with purchase money security interests. This discussion also will touch on unique collateral, such as boat docks, boat slips and fixtures.
How to Properly Complete & File UCC-1 Financing Statements
This session will cover the proper completion and fi ling of UCC-1 financing statements, including issues associated with debtor names, collateral descriptions and filing locations.
Form UCC-3 and How to Amend, Renew and Terminate Security Interests
This session will cover when a UCC-3 form should be filed and the mechanics of preparing and filing them.
Enforcement of Security Interests Under UCC Article 9
This session will dive into all aspects of enforcing security interests, including steps that must be taken before enforcement, methods available for repossession of collateral and issues associated with sales of collateral.
Who Should Attend
loan officers, loan review officers, internal officers, compliance officers, documentation specialists and bank counsel
About the Instructors
Elizabeth Fast is a partner at Spencer Fane and chair of the Banking and Financial Services Group. For more than 20 years, she has been counseling banks, holding companies and other financial institutions on legal, regulatory and compliance matters. Before
joining Spencer Fane, Elizabeth was the general counsel, senior vice president and corporate secretary for a $9 billion publicly-traded bank with more than 130 branches, where she managed all legal, regulatory and compliance matters. This experience gave her an in-depth understanding of the internal operations of financial institutions.
She conducts more than 50 national webinars each year, as well as numerous specialized training sessions for financial institutions. She has published a 900-page legal resource book on Missouri business law through Thomson West Publishing Company.
Elizabeth is a member of the Missouri State Banking Board, the Kansas City Industrial Development Authority and the Housing Authority of Kansas City.
Rodney Nichols is a partner in Spencer Fane’s Banking and Financial Services group and assists lenders with structuring, documenting and enforcing complex commercial and real estate loans of all types. With more than 20 years of experience, Rodney is able to help lenders and businesses alike navigate the intricate nature of commercial and real estate financing, including debt restructuring, workouts and reorganizations both inside and outside of bankruptcy. In addition to handling all aspects of commercial and real estate lending, Rodney also assists financial institutions with various aspects of general banking and deposit operations. He received national attention for successfully defending — in federal court — a financial institution whose online banking security systems were challenged following a fraudulent wire transfer. This was the first reported case in the United States where the financial institution prevailed in establishing the soundness of its online banking security under the Uniform Commercial Code.
Rodney is the former chair and vice chair of the Bank Counsel Section of the Missouri Bankers Association and currently is a member of its advisory board. Having this leadership experience and knowledge of the industry, he regularly speaks on current legal issues and trends aff ecting financial institutions.
MBA will submit this program for Missouri Bar CLE hours, and it will be submitted for CRCM and CLBB continuing education credits. CPE credits are available upon request.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.