Perfection of Liens
State Specific Training OnDemand Program
The Uniform Commercial Code guarantees protection to the lender complying with Article 9. In this program
you will learn to understand the four methods of perfection, in order to act in compliance with Article 9.
We will review the risk and rewards with each type of perfection and how to avoid common mistakes.
The Four Methods of Perfection Highlights
- Filing: The most common method of perfection is the filing of a financing statement as required by law. You will learn the advantages and disadvantages of perfection by filing a financing statement. You will also discover the types of property covered by filing a financing statement.
- Perfection by Possession: Possession of collateral perfects the creditor's interest if the collateral is tangible or writings commonly exchanged and under the creditor's control. You will learn the two advantages of perfection by possession and two disadvantages. Learn the types of property perfected by possession. Also discover the duration of perfection when done by possession.
- Perfection by Control: There are four situations when control will perfect a security interest, depending on your state's laws. Learn the types of property perfected by control.
- Automatic Perfection: Learn when a security interest is automatically perfected. Some are permanent and some are only temporary.
Training OnDemand Computer Requirements
- Broadband Internet Access
- Windows Media Player
- Speakers
