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UCC Article 9 Default Provisions: What Secured Creditors Need to Know Webinar
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UCC Article 9 Default Provisions: What Secured Creditors Need to Know Webinar

4/17/2013

When: Archive
2:00 - 3:30 p.m.
Where: In Your Credit Union
  
Contact:
Kristina Kirchmer

Registration Information
Online registration is closed.
Details

Overview:
Upon the event of a default, UCC Article 9 authorizes a credit union to only take certain actions and only after specific notice is given to the member. This webinar will explain the proper way for a credit union to handle defaults and avoid costly mistakes. It will examine various types of defaults (both payment and non-payment) and how some credit unions unwittingly waive defaults through their course of dealing. This webinar also will explain the repossession process under the UCC, starting with the required notices and ending with the sale of collateral at a public or private sale. The most-common errors in the repossession process will be addressed.

Highlights:

  • What constitutes an event of default?
  • When does a course of dealing waive a member’s default?
  • Is an "insecurity clause” enforceable?
  • Why is an acceleration clause important?
  • When is a right-to-cure notice required?
  • When is it appropriate to conduct self-help repossession?What is required for a commercially-reasonable sale?
  • TAKE-AWAY TOOLKIT
    • UCC Article 9 default and repossession checklist to ensure you don’t miss a step

Who Should Attend?
This informative session is designed for all loan personnel, including loan officers, loan operations personnel, credit administration staff, managers, collectors, compliance officers, and attorneys. Attendance verification for CE credits provided upon request.

About the Presenter: – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne 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.


Educational Investment:

Archive Only
Over $75 million


$159

$7 - 75 million


$139

Under $7 million


$79


Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.

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.

  

 
 

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