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UCC Article 9 - Secured Transactions

Elective Course

This course focuses on security interests in personal property under Article 9 of the Uniform Commercial Code.  Students learn new vocabulary, rules, and procedures that lenders must know and follow to force loan repayment.  Covered topics include the remedies available to unsecured creditors and secured creditors, the rights and duties of parties to secured transactions under the Uniform Commercial Code, the effect of the bankruptcy automatic stay, creation of security interests, perfection, priority and competitions for collateral.