Repossession and sale of collateral is an unpleasant last resort to collect on a loan. Making a mistake in the repossession process can result in your institution losing its right to pursue the debtor for a deficiency and cause substantial damage to the 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.
- UCC Article 9 requirements
- Conducting self-help repossession
- Requirements for the notice of sale
- Aspects of a commercially reasonable sale
- What happens when the debtor files bankruptcy
- UCC Article 9 repossession process checklist
- Form notice of UCC foreclosure sale
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for all loan and collection personnel, including loan officers, loan operations staff, credit administration staff, managers, collectors, compliance officers, and attorneys.
PLEASE NOTE: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – 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. She is a member of the Missouri State Banking Board by appointment of the Governor.
Originally recorded on November 8, 2018.
Recorded webinar is available until May 31, 2019.
Free Digital Copy included with purchase to download and view beyond link expiration date.
Price includes sales tax.