Skip to content

Use UCC As a Security Agreement?

Answered by: 

I have a note that references a Security Agreement but there is no Security Agreement attached. Instead there is a UCC that is being use as a Security Agreement. Is this okay, or should there also be a Security Agreement that references the UCC?

You need to have counsel review your documents. The UCC form is generally used to perfect a security interest. The security agreement itself may have other terms and conditions on it that help complete your document. The UCC form won't have that language.

First published on 6/24/13

First published on 06/24/2013

Filed under: 
Filed under lending as: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics