Abstract

This research paper is dedicated to the analysis of the recent revisions of security interests system in the US after the sub-prime mortgage crisis. The focus in the analysis is made on the tendencies, experiences, and advantages of the reforms and especially on the amendments of Article 9 provisions of the Uniform Commercial Code that occurred in 1998 and went into effect on July 1, 2001, and the latest modifications that occurred in 2010 and will be into effect in 2013. Without a doubt, the reforms of security interests system are important elements of the US government’s response to the sub-prime mortgage crisis of 2007-2009.

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