Education & Events

Consumer Collection Series: Repossession Practices, Compliance & Limitations

Date: 
May 21, 2019
Program Overview: 

May 21, 2019, 3:00 - 4:30 pm

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.

Topics: 
  • 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
    • Quiz to measure staff learning and a separate answer key


      Speaker: 

      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.

      Agenda: 

      WHO SHOULD ATTEND 

      This informative session is designed for ACH operations staff, risk/compliance staff, auditors, and those individuals with the AAP and/or APRP accreditation.

       

       

       

      Fees: 

      MEMBER

      Live Webinar
          $255.00 Single Location
          $155.00 Each Additional Location

      Recorded Webinar & Free Digital Download
          $255.00

      Premiere Package (Live & Recorded Webinar with Free Digital Download)
          $375.00

      Association Contact: 

      If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indianabankers.org

      Cancellation Policy: 

      Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

      Webinar Options: 

      1.  Live Webinar
      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. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

      2.  Recorded Webinar & Free Digital Download
      Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

      LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

      3.  Both Live Webinar & Recorded Webinar & Free Digital Download
      Includes options 1 and 2 above

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