A judgment lien allows your credit union to force a sale of the debtor’s property in certain situations and to apply the sale proceeds to pay the debt owed to your credit union. A judgment lien can be an effective collection tool whether your loan is unsecured or was secured but there is a deficiency. To obtain a judgment lien, your credit union must first obtain a judgment against your debtor by filing a legal proceeding in court, which will require engaging an attorney. Once a judgment is issued by the court, your credit union must attach its judgment to the debtor’s property. However, some of the debtor’s property is exempt from attachment. Before any of the attached property can be sold, your credit union must receive authorization from the court. This webinar will explain the legal process involved in obtaining, securing, and foreclosing judgment liens.
Differences between UCC and judgment liens
How to obtain a judgment lien
How to attach the debtor’s property by a judgment lien
How to foreclose on the attached property
Property that is exempt from a judgment lien
How bankruptcy can defeat a judgment lien
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for loan officers, loan operations personnel, collection staff, managers, 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.