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Avoid Triggering Penalties under the UCC Article 9 Default Provisions
Webinar
2 PM CT
Presenter(s): Tim Zinnecker
Duration: 1 hour
Pricing:
Live, Digital Download or CD
combos available for an additional $50
$299 - (full-price, no discount)
$249 - (for Affiliation Members)
Secured creditors that have debtors defaulting on their financial obligations need to be familiar with default-related provisions of UCC Article 9. In recent months, defaults have increased, and it is likely that creditors may find themselves with monetary or other penalties if certain provisions that impose duties and obligations on the financial institution (or other non-bank lender) are breached.
The defaults, prompted in part by the economic downturn starting in 2008, are expected to continue for the foreseeable future. Many of these obligations are secured by non-real estate collateral such as motor vehicles, inventory, receivables, and equipment, triggering application of Article 9 of the Uniform Commercial Code, a law (enacted in every state) that governs secured transactions.
Join us in this informative and comprehensive session where we will discuss:
- Default definitions
- Waiver and non-waiver of statutory obligations
- Self-help repossessions
- Creditor’s ability to keep collateral and forgive all or part of the debt
- Traditional foreclosure
- Impact of a creditor’s statutory breach on its deficiency recovery
BIOS:
Timothy Zinnecker, Professor of Law joined the South Texas faculty in 1994 and teaches Secured Transactions, Payment Systems, Consumer Bankruptcy, and Banking Law. He is an honors graduate of the J. Reuben Clark Law School (BYU), where he served on the management board of the law review and was inducted into the Order of the Coif. Following judicial clerkships with the Hon. Frank X. Gordon (Arizona Supreme Court) and the Hon. Edith H. Jones (United States Court of Appeals for the Fifth Circuit), he practiced commercial law with a leading firm in Dallas and Houston for five years. He also has taught at Samford University, Florida State University, University of Houston, and University of Richmond. He is the co-author of a Payment Systems casebook (Carolina Academic Press), the co-author of two study aids in the LexisNexis “Q&A” series, the author of a book on the default provisions of UCC Article 9 (ABA), and the author of commercial law articles that have appeared in the Tennessee Law Review (twice), Gonzaga Law Review, Arizona State Law Journal, Kansas Law Review, Richmond Law Review, Missouri Law Review, Southwestern Law Journal (SMU), and The Business Lawyer.
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