{"id":2364,"date":"2011-11-20T18:30:35","date_gmt":"2011-11-20T18:30:35","guid":{"rendered":"https:\/\/considerchapter13.org\/?p=2364"},"modified":"2011-11-20T18:32:30","modified_gmt":"2011-11-20T18:32:30","slug":"ucc-report","status":"publish","type":"post","link":"https:\/\/considerchapter13.org\/2011\/11\/20\/ucc-report\/","title":{"rendered":"UCC REPORT"},"content":{"rendered":"
Introduction By Professor Michaela White<\/em><\/p>\n <\/strong><\/p>\n <\/strong>The Permanent Editorial Board for the Uniform Commercial Code released its report, \u201cApplication of the Uniform Commercial Code to Selected Issues Relating to Mortgage Notes<\/a>\u201d (\u201cReport\u201d) on November 14, 2011. The Report asks and answers four questions:<\/p>\n The Report provides examples and explanations of the operation of relevant UCC rules in a variety of timely fact scenarios.<\/p>\n The Report concludes that the \u201cenforcement of real estate mortgages by foreclosure is primarily the province of a state\u2019s real property law, but legal determinations made pursuant to the four sets of UCC rules described in this Report will, in many cases, be central to administration of that law. In such cases, proper application of real property law requires proper application of the UCC rules discussed in this Report.\u201d[ii]<\/a> To read the Report, click here.<\/a><\/p>\n\n
[i]<\/a> Report at 4.<\/p>\n