Substantial changes to secured transactions law and judgment enforcement law took effect June 1, 2024. The changes to the Personal Property Security Act – the most extensive amendments since the Act came into force in 1990 – are accompanied by corresponding amendments to the Civil Enforcement Act. Explore the amendments and their impact on your practice.

Notable among the multiple changes implemented are those that will:

• Accommodate cross-collateralization by inventory financers and the refinancing of purchase money debt
• Facilitate agricultural financing by strengthening production money security agreements, recognizing licenses and quotas as collateral, and eliminating administrative obstacles
• Recognize technological advances by introducing new provisions governing electronic chattel paper and secured party rights in electronically transferred funds
• Rationalize registration requirements for serial number consumer goods and equipment
• Improve the reliability of registry searches through rules that specify invalidating registration errors
• Strengthen the buyer protection rules
• Simplify registration and search practices for cross-jurisdictional debtors through updated choice of law rules
• Align the priority rules of the Civil Enforcement Act with those of the PPSA

These programs are intended for lawyers who have an understanding of central PPSA concepts and priority rules.

These on-demand programs were originally presented on June 5, 2024. The total running time for each presentation ranges between 1 hour to 1 hour, 35 minutes.