Your credit union needs to be up-to-date on the major changes to UCC Article 9 that became effective in 2013 to properly perfect its security interest and to protect its lien priority in collateral. This webinar will explain how to obtain and properly perfect a security interest in all types of consumer collateral including home loans, vehicles, certificates of deposit, investment accounts, and personal property. It will also address what happens when the loan goes bad. Join us to learn all aspects of the repossession and foreclosure process, starting with the decision to foreclose on collateral and ending with the sale of collateral at a private or public sale.
- How to create a proper security interest in various types of consumer collateral
- Methods of perfecting the security interest – when is possession, filing, or third-party control required?
- What constitutes an event of default sufficient for foreclosure?
- When is a right-to-cure notice required?
- Conducting self-help repossession
- Requirements of a commercially reasonable sale
- TAKE-AWAY TOOLKIT
- UCC Article 9 default and repossession checklist to ensure you don’t forget a step
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for all lending personnel, including loan officers, loan operations staff, credit administration personnel, managers, collectors, compliance officers, and attorneys.
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.
Lending Council members receive 10% discount.
|Over $75 million
|$25 - $75 million
|Under $25 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records. Instructions for accessing the archive will then be emailed to you.