Loan Documentation 101 Part 2: Business Collateral

Date:

Oct 2, 2024

Learn about specific classifications of collateral and language description requirements for UCC-1s and security agreements. 

To register for the full series, click here.

Part 2 of this 2 part series covers specific classifications of collateral and language description requirements. Borrowing, base certificates, and other documentation topics will also be discussed.

We'll also present collateral documentation checklists for intangible personal property such as instruments, investments, and deposit accounts, as well as aircraft, boats and vessels, and motor vehicles.

Checklists give lenders the ability to quickly and effectively review collateral documentation for acceptability and focus on the proper questions to be asked and answered related to each document and type of collateral.