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

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.

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.

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.

THREE REGISTRATION OPTIONS

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

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 and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  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.

 

Convenient!

Listen to the
archived webinar on your

iPad

iPhone

Android

Instructions will be emailed with the archived webinar link.

2.  ARCHIVED WEBINAR & FREE CD ROM*

Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and 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 archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.

3.  BOTH LIVE WEBINAR & ARCHIVED WEBINAR (INCLUDES FREE CD ROM*)

Options 1 and 2 described above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

*CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association.   Click here to register:  https://mcua.fed.cuwebtraining.com/store/webinar

April 17th, 2013 2:00 PM   through   3:30 PM

Event Info

When

April 17th, 2013 2:00 PM   through   3:30 PM

Contact

Phone: 314.542.1321

Email:


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