Secured Transactions: Perfection of Security Interests Podcast
This podcast discusses how a secured creditor goes about perfecting its security interest in order to prevail against others who might claim the same collateral. This topic primarily requires a careful reading of UCC § 9-310 and a basic understanding of how a secured party attaches its security interest in the first place, under § 9-203. Concepts covered include Form-1 and Financing Statement. At the conclusion of the podcast, you should be able to (1) describe the basic process of perfecting a security interest, including the requirements for filing a financing statement; and (2) describe why a secured creditor and searcher must use the correct system in order to protect their interest in collateral.