Who Should Participate
All business leaders, credit analysts, loan reviewers, lending managers, bank presidents, loan assistants and loan secretaries.
Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.
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. 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 to be covered:
- 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
NOTE: This course does not cover either real estate or agricultural loan documentation issues.
John W. Reik is the founder and president of John Reik & Associates LLC, Business Training and Consulting, which can be found on the web at johnreik.com. This Minnesota-based firm, founded in 1980, works primarily with banks and bank trade associations. In addition, John has been a lecturer and Assistant Professor of Finance at the University of Minnesota for over 35 years and spent eight years as the senior credit trainer and manager of Credit and Finance Education for First Bank System [now U.S. Bank.] Previous to his position at the University of Minnesota, John worked as a financial analyst in the Automotive Assembly Division of Ford Motor Company. John is an honors graduate of Purdue University and the University of Minnesota and holds degrees in management, accounting, finance, and law.
Registration Fee (This fee includes materials, lunch and refreshments)
Note: You will be given the option to pay by credit card or to invoice your company during the checkout process.
Dates & Times
October 30, 2019
Check in: 8:45 AM
Program: 9:00 AM - 4:00 PM
Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN 55344
Click here for directions
Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call 952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $148.00, plus tax)
The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to email@example.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show.
If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs to firstname.lastname@example.org at least two weeks prior to the program. We will contact you to discuss accommodations.