Most of us understand a conventional mortgage is what we basically use (though there are many types) to purchase a home, but do you know what has changed when you buy a car? A boat? Anything movable? Efforts have been made to align our Civil Law with the Common Law methods of dealing with movable property.

There have been changes in the way movable property that is sold “on account” is secured. Where pledging was once a common method to use, such as the pledging of the collateral note (yes paper can be negotiated), UCC-9 rules have instituted the Security Agreement in place of the pledging contract. This class will make the topic sound elementary to you once you complete the two hour class/discussion. Most of us have signed security agreements within the last 2 to 3 years and do not even realize it. Come find out how what you signed affects your or your client’s movable property; and find out what to do with that Security Agreement after it is executed.