Event Calendar

Thursday, July 14, 2022

Consumer Lending Series: Proper Repossession, Notice & Sale of Non-Real Estate Collateral Webinar

Start Date: 7/14/2022 9:00 AM MDT
End Date: 7/14/2022 10:30 AM MDT

Event Website: https://financialedinc.com/consumer-lending-series-proper-repossession-notice-sale-of-non-real-estate-collateral

Organization Name: Independent Bankers of Colorado

Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 607-7937

A mistake in the repossession process can cost you the right to pursue a borrower and cause substantial damage to your institution. That’s a high price to pay!  Ensure your team knows the ins and outs of the repo requirements from top to bottom. No lender likes to do repossessions, but it may be the only way to collect on a loan. However, the repossession process is fraught with peril for 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.

  • Explain the UCC Article 9 requirements in the repossession, notice, and sale processes
  • Understand how to legally conduct self-help repossession
  • Distinguish between a private sale versus a public sale and when each should be used
  • Explain what the notice of sale must contain
  • Use commercially reasonable sale procedures
  • UCC Article 9 repossession checklist to ensure you don’t forget a step in the repossession, notice, and sale processes
  • UCC notice of sale form
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
This informative session is designed for all loan and collection personnel, including loan officers, loan operations, credit administration, managers, collectors, compliance officers, and attorneys.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency 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 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.

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. On-Demand 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! Full registration descriptions can be found here.