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Thursday, November 19, 2020

Avoiding the Top 5 COVID-Related Collection Mistakes

Start Date: 11/19/2020 1:00 PM MST
End Date: 11/19/2020 2:30 PM MST


Organization Name: Independent Bankers of Colorado

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

Avoiding the Top 5 COVID-Related Collection Mistakes
1:00 pm – 2:30 pm MT

The ripples of COVID-19 have extended into collections, adding more complexity and compliance concerns. New legislation, borrower desperation, consumer protection, widespread unemployment, and other factors have increased the opportunities for missteps and ripened the ever-present risk. How are you going to address these issues?
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Fine tune a virtual collections process that addresses productivity and preparedness
  • Conduct effective credit reporting in accordance with the new CARES Act and bankruptcy guidelines
  • Make loan modifications that comply with the Fair Credit Reporting Act and disclosure requirements
  • Manage foreclosures, evictions, and repossessions – what’s in your state?
  • Avoid communications landmines – TCPA and ADA issues
 
WEBINAR DETAILS
Even during the best of times, collection is a tricky proposition. An effective collection process must include sound communication methods with borrowers, resolve delinquencies, and recover collateral on defaulted loans, all while complying with an increasing variety of state and federal laws, rules, and regulations. In addition, the collections “mix” includes a growing group of ready-to-pounce consumer protection attorneys.
 
Now COVID-19 has brought untold ramifications, shutdowns, legislation, and more. It won’t be long before the stimulus money, modifications, forbearances, and other rescue options dry up. An avalanche of defaults is coming your way!
 
Increased volume and borrower desperation bring increased risk from the collections function. Understanding the litigation areas and sources of common collection mistakes is necessary to successfully manage risk during the pandemic. Better yet, that understanding will allow for more robust efforts to assist troubled borrowers! Learn to navigate the rapidly changing landscape of COVID-related collection risk and increase recoveries.
 
WHO SHOULD ATTEND?
The information in this session is designed for executives, CFOs, lending managers, collections managers, collections staff, auditors, and compliance personnel.
 
TAKE-AWAY TOOLKIT
  • Collections solutions matrix
  • Checklist for managing virtual collections
  • Regulatory guidance
  • Sample collections inventory checklist
  • Employee training log
  • Interactive quiz
 
DON’T MISS THESE RELATED WEBINARS!
20 Common Mistakes in Consumer Collections
on Thursday, June 25, 2020
 
Mortgage Collection & Foreclosure: Best Practices & Tenants' Rights
on Monday, September 28, 2020

 
  MEET THE PRESENTER
David A. Reed, JD Reed and Jolly, PLLC
Attorney, author, consultant, and nationally recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
 
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.




THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above!