Is the Uniform Commercial Code (UCC) relevant to current issues,
especially issues arising in the context of home foreclosures?
Should the UCC be amended to meet current concerns? Is there a need
for federal oversight and intervention with respect to home
mortgages and foreclosures? These questions and many more will be
addressed in a conference jointly sponsored by New England Law |
Boston's Center for Business Law, the Massachusetts Bar Association
and the Uniform Commercial Code Reporter-Digest on Thursday, Feb.
27, at 154 Stuart St. in Boston. The conference will open at noon
with a reception. There will be introductions at 12:45 p.m. and the
panel discussions will run from 1 to 5:30 p.m. There is no charge
to attend the conference.
In any given week, a person reading The New York Times or the
Boston Globe will invariably come upon an article in some manner
discussing home foreclosures, allegations of abuses by lenders,
varied charges of wrong-doing in connection with loans and
mortgages, and proposed statutory or regulatory reforms. Yet,
respected members of the banking community will take issue with
many allegations of abuse and find proposed regulations and
statutes not only onerous but harmful to lenders and borrowers
alike. It is difficult to get beneath the angry rhetoric to the
hard legal issues confronted by legislators, regulators, attorneys
for lenders and borrowers, and interested citizens.
The aim of this conference is to bring together experts on payment
law, representatives of the banking community, advocates for
homeowners and persons who can speak for the regulators, in an
effort to refine and examine in-depth and detail current problems
and cutting-edge proposed solutions relating to mortgages,
promissory notes, foreclosure procedures and other related matters.
The conference will also provide participants with a historical
perspective on payment law, especially the law pertaining to
promissory notes and holder-in-due course rights. Practitioners
involved in any facet of real estate transactions, civil
litigators, attorneys for lenders or regulators, students
interested in the UCC or real estate transactions, and academics
teaching or writing on topics involving real estate law or payment
systems will find the conference to be interesting and
L. Gary Monserud is a professor at New England Law | Boston and
teaches Contracts, Modern Remedies, UCC: Sales, and UCC: Secured