Lorman offers professional resources regarding COVID-19 and remote working best practices.  Learn more

Show navigation

Slide Deck

31 Slides available anytime
  • 31 Slides

Understand the Legal Issues and Guidelines to Repossessing Personal Property

 

Learn how to perfect your security interest in personal property and how to stay complaint during a situation where repossession of personal property is necessary.

Lenders and borrowers are often confused and unsure about the process of how a lender properly perfects a lien against the wide variety of tangible items and intangible rights constituting personal property collateral that can be pledged to secure a borrower's obligations under a commercial loan transaction. This confusion extends to both the lender's options for the enforcement of a personal property lien and the borrower's potential defenses against such enforcement action. This material will walk through the labyrinth of securing a perfected lien against personal property and explain the range of remedies, and defenses thereto, available once a loan default occurs. The material also explains the proper documents and key provisions to be included in commercial loan documents with respect to a personal property secured loan. Failing to properly document and perfect a UCC lien or not understanding the range of remedies, and the consequences of pursuing each particular remedy, can leave a lender with an unsatisfactory recovery on a defaulted loan. This topic will clarify the range choices and the consequences that lenders and borrowers will encounter when agreeing to a pledge of personal property as collateral for a commercial financing.

View Slides

More Program Information

Understand the Legal Issues and Guidelines to Repossessing Personal Property

Agenda

View Slides

More Program Information

Understand the Legal Issues and Guidelines to Repossessing Personal Property

Faculty

Ren R. Hayhurst

Ren R. Hayhurst

Bryan Cave LLP

  • Partner in the Irvine office of Bryan Cave LLP
  • Practice focuses on all aspects of lender representation, including real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation
  • Negotiated and documented standard and revolving line of credit loans for the acquisition, development and construction of regional shopping centers, retail power centers, office properties, single family and multi-family residential housing projects, industrial buildings and warehouses, cogeneration facility financing, and mixed collateral for commercial bankers
  • Has documented and closed loans involving real property security in every state in the country; he also has negotiated and documented real estate syndication/participation loans and REMIC conduit loan packages
  • Has a vigorous real estate practice on the lender’s side, and also routinely advises clients on the developer’s side, having negotiated and documented real estate purchase and sale transactions involving shopping center, industrial building and hotel projects
  • Was a trial attorney for the first nine years of his professional life and has represented lenders and borrowers in litigation matters concerning the enforcement of secured and unsecured loan transactions
  • Recently has been heavily involved in negotiating and documenting a wide variety of real estate workout transactions, both pre-bankruptcy and following the filing of a bankruptcy petition
  • Teaching for the past 4 years graduate classes on Alternative Dispute Resolution, FCPA, and Corporate Responsibility at the UC Irvine campus as part of joint certificate program between the law school and the graduate business program
  • J.D. degree, Order of the Coif, University of Utah; B.S. degree, magna cum laude, University of Utah
View Slides

More Program Information

Understand the Legal Issues and Guidelines to Repossessing Personal Property

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.