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Tuesday, May 21, 2019

Consumer Collection Series: Repossession Practices, Compliance & Limitations

Start Date: 5/21/2019 1:00 PM MDT
End Date: 11/21/2019 2:30 PM MST


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

Consumer Collection Series: Repossession Practices, Compliance & Limitations
1:00 pm – 2:30 pm MT


No lender 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 losing the right to pursue the debtor for a deficiency and cause substantial damage to your institution. 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 disposition of the collateral at a private or public sale. Learn the steps to properly repossess and dispose of collateral under UCC Article 9.

HIGHLIGHTS

  • What requirements does UCC Article 9 impose on the lender?
  • When is it legally permissible to conduct self-help repossession?
  • Can the lender choose between a private or public sale?
  • What must the notice of sale contain?
  • What is required for a commercially reasonable sale?
  • What 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
    • UCC notice of sale form
    • Employee training log
    • NEW: Interactive Quiz to measure staff learning
WHO SHOULD ATTEND?
This informative session is designed for all lending and collection personnel, including loan officers, loan operations staff, credit administration staff, managers, collectors, compliance officers, and attorneys.


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.
 

  MEET THE PRESENTER
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.