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Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

Recent Posts by David L. Wanetik

David L. Wanetik serves as the Chief Operating Officer for the UCC Division of the First American Title Insurance Company. He is a graduate of Syracuse University and St. John’s University School of Law. He has been a practicing attorney for over 30 years. Prior to joining First American, Mr. Wanetik was Vice President of the UCC Insurance Division for the LandAmerica underwriters. He has been actively involved in the Revision of Article 9 of the Uniform Commercial Code for over 19 years and has written and lectured extensively on this subject including seminars sponsored by the New York State Bar Association. During most of the 1990’s Mr. Wanetik served as CEO and General Counsel of Intercounty Clearance Corporation . Mr. Wanetik has previously served as a charter member of the New York State Corporate Advisory Task Force as established by the Secretary of State of New York. He is also the author of the following articles which were published in the New York Law Journal: Legislative Recognition of Co-ops Has a Downside, Authorization Nunc Pro Tunc in UCC Proposed Amendments and Lost Certificated Interest in Real Estate Mezzanine Transactions.
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Why Using 2001 Ucc Forms In New York Is Not So Bad

By David L. Wanetik on August 4, 2016

New York State remains the only state still using UCC forms dated 2001. While it may appear to be embarrassing as the “financial center of the world”, there are actually some benefits of these old forms over the new forms being used by every other state.

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Topics: New York UCC

The Need For Correct Names On Ucc Continuations

By David L. Wanetik on April 6, 2016

In 2001 a major revision of Article 9 of the Uniform Commercial Code was highlighted by the requirement that the secured party get the name of the debtor “correct”. Without the correct name, the filing could be deemed “seriously misleading” and ineffective if questioned in a court proceeding.

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Topics: UCC

New York Still Uses 2002 Ucc Forms

By David L. Wanetik on September 8, 2015

 

 

In 2010 a series of amendments were proposed for Article 9 of the Uniform Commercial Code. Knowing it would take time for the individual state legislatures to pass these changes, a goal was set for the amendments to be enacted on July 1st, 2013. Forty four states plus the District of Columbia met that date. New York did not. And a year later...

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Topics: New York UCC

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