Loan Documentation II: Collateral Issues

Past Event

An unforeseen event happened to your borrower's business. Don't worry, though. You won't need to charge it off - if your documentation was adequate. But how would you feel if it wasn't?

This course uses lecture and small group activities to cover basic collateral-related UCC issues that fall within the loan documentation process. The participant will achieve a greater understanding of his or her loan documentation responsibilities and a greater sense of self-confidence regarding his or her ability to adequately perform loan documentation activities. The emphasis of the course is on understanding the logic behind general documentation requirements rather than actual forms, highly-technical legal reasoning, or unusual documentation situations.

Topics covered include:

  • The nature and importance of collateral
  • Generalized Article 9 asset classifications
  • The Article 9 framework
  • Perfection through control
  • How to describe collateral when filing
  • How to describe debtor when filing
  • Effects of changes and errors in financing statements
  • When, Whether, Where and What to file
  • Floating security interests: Future advances and after-acquired property¬†
  • Challenges to priority: Federal tax liens and purchase money security interests
  • The special challenges of collateral proceeds
  • A brief discussion of the advantages and disadvantages of UCC insurance

This course does not cover real estate or agricultural loan documentation issues.

Participant: This is a principles course that is appropriate both for those who are just learning the documentation process and for those who wish to review basic loan documentation principles in a controlled, classroom setting. This seminar is appropriate for lenders, analysts, credit committee members, loan reviewers, examiners, managers, and bank presidents.

Instructor: John Reik of John Reik & Associates, a Minnesota based business training and consulting firm. John has presented numerous RMA seminars and has been a lecturer and Assistant Professor of Finance at the University of Minnesota for over 40 years. He also was senior trainer and manager of Credit and Finance Education for U.S. Bank for 8 years.

Items to Bring: Pencils and Calculator.
Note: We are unable to guarantee enough outlets for everyone to charge phones.

Cancellation Policy: Cancellations received after April 17 (and no-shows) will be charged the full applicable registration fee.



Tuesday, Apr 24, 2018


8:30 am - 5:00 pm


Associated Bank

5353 Wayzata Blvd
St. Louis Park MN 55416