Email to Order the Recording + Free Digital Download
No banker likes to do repossessions, but it may be the only way to collect on a loan. Making a mistake in the repossession process can result in your bank losing its right to go against the debtor for a deficiency and mistakes can cause substantial damage to the bank. This webinar will explain all aspects of the repossession process regarding non-real estate collateral, starting with the decision to repossess and ending with the sale of the collateral at a private or public sale. Learn the steps your bank should take to properly repossess and dispose of collateral under UCC Article 9.
HIGHLIGHTS
Requirements of UCC Article 9
Conducting self-help repossession
Requirements for the notice of sale
Aspects of a commercially reasonable sale
What happens if the debtor files bankruptcy?
TAKE-AWAY TOOLKIT
UCC Article 9 repossession checklist to ensure you don’t forget a step in the repossession process
Form notice of UCC foreclosure sale
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Loan and collection personnel, including loan officers, loan operations, credit administration, managers, collectors, compliance officers, and attorneys.
ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP, a partner where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
No comments:
Post a Comment