Event Calendar

Thursday, November 21, 2019

When a Borrower Dies: Rules, Procedures & Liabilities

Date(s): November 21, 2019 - May 21, 2020

Time: 1:00 PM  MST - 2:30 PM  MST

When a Borrower Dies: Rules, Procedures & Liabilities
1:00 pm – 2:30 pm MT

It happens every day.  One of your borrowers dies still owing on a loan or other obligation.  In this situation, you must act swiftly to increase the chances of collecting on the loan and to avoid liability.  What should you do?  This webinar will thoroughly explain the proper procedures and processes to follow when a borrower dies, including the special procedures under the mortgage servicing rules regarding home loans.

  • Does death constitute a default under the loan?
  • What if the loan payments continue to be made by the deceased’s relative?
  • Is the deceased’s estate or surviving spouse liable for the loan?
  • Can you setoff the deceased’s deposit accounts for debts owed to your institution?
  • What if a probate estate is never opened regarding the deceased?
  • What are the special rules for home mortgage loans?
    • Sample procedures for handling and collecting loans of deceased borrowers
    • Employee training log
    • Interactive quiz

This informative session will benefit all loan officers, loan operations personnel, collections staff, service representatives, compliance personnel, auditors, attorneys, and managers.

When a Depositor Dies: Legal Requirements, Practical Issues & FAQs
on Tuesday, October 8, 2019

Continuing Education: Attendance verification for CE credits upon request.
NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

Elizabeth Fast, JD & CPA
Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP 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.

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