About This Course
Article 9 of the Uniform Commercial Code is a complicated yet comprehensive set of rules governing the rules for loan foreclosure. This CLE course will explain the four basic methods to accomplish this including when a lender requires that all loans be secured all the personal property of the borrower. The course will explain how a lender making a loan may create security interest in collateral whose loan goes into default must also foreclose its security interest, all of which is governed by Article 9. The critical elements of commercial reasonableness and the most popular and oft used method of foreclosure through public sale will be explained. It’s important to note that the course information is presented under the assumption that a pledge of equity is the personal property collateral being foreclosed.
