This session delivers a practical, business-focused overview of how UCC filings, security agreements, and Purchase Money Security Interests (PMSIs) function within B2B credit relationships. Designed for credit and risk professionals, the class explains how secured interests are created, perfected, and prioritized – and why misunderstanding any one of these elements can expose a company to unnecessary credit risk.
Participants will learn the distinct role each document plays, how they work together to protect creditor rights, and how to properly evaluate UCC records when reviewing credit applications or managing existing accounts.
Session Objectives
By the end of this session, participants will be able to:
• Distinguish between a security agreement and a UCC-1 financing statement
• Explain how a security interest is created vs. perfected
• Identify when a PMSI applies and why it carries enhanced priority
• Interpret UCC filings commonly found in B2B credit reviews
• Recognize common filing and documentation errors that weaken creditor protection
Takeaway
This session equips attendees with the clarity and confidence needed to assess secured credit positions, avoid false assumptions about protection, and strengthen internal credit practices.
