Creation of Liens
State Specific Training OnDemand Program
In this course you will learn how to create and maintain a lien. It appears to be easy,
but is difficult if you don't understand the requirements or steps that need to be taken.
This is especially true in a workout situation. Most errors are madeat the most unfortunate
time, at the very time you have most need for the collateral to pay the debt.
Course Overview
- The difference between attachment of a security interest (the lien) and perfection of a security interest (protection of a lien) and why attachment is more vital than perfection
- The difference between a security agreement and a financing statement and how this controls the requirements for collateral descriptions
- Review the requirements for a security interest to attach (to have a lien).
- The four requirements of a security agreement
- Definition of "value has been given" and the methods to give value.
- What does it mean that the "debtor must have rights in the collateral."
Training OnDemand Computer Requirements
- Broadband Internet Access
- Windows Media Player
- Speakers
