Webinar: Proper Repossession, Notice & Sale of Non-Real Estate Collateral
December 5, 2023 3:00 pm - 4:30 PM
A repo can be a “no-go” if you don’t follow the right steps.
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.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Explain the UCC Article 9 requirements imposed in the repossession, notice, and sale processes
Understand how to legally conduct self-help repossession
Distinguish between a private sale and a public sale and when each should be used
Identify what the notice of sale must contain
Use proper and common sale procedures
WEBINAR DETAILS
Although no lender likes to do repossessions, 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. This webinar will be applicable to consumer and commercial situations.
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.
TAKE-AWAY TOOLKIT
- UCC Article 9 repossession checklist to ensure you don’t miss a step in the repossession, notice, and sale process
- Form UCC notice of sale
- 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
Speaker: Elizabeth Fast, 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.
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