User login

Webinar: What You Need to Know about Guarantors, Co-Signers, Personal Guarantees & Joint Applications, Including Security & Collateral Implications

There is often confusion regarding the distinction between a guarantor and a co-signer, and the situations where it is permissible to require a guarantor or a co-signer on a loan. Do you understand the legal prohibitions against requiring a spouse to be a guarantor or co-signer? Are you aware of the new rules about proving that applicants applied for joint credit? The Equal Credit Opportunity Act and Regulation B are a major focus of the NCUA and the CFPB, so your credit union must be well-trained in this complicated area.

Besides reviewing the related laws and regulations, this webinar will explain the proper procedures to use when evaluating the use of a guarantor or a co-signer and when proving that applicants applied for joint credit.  This webinar will also address the proper procedures to obtain a security interest in jointly-held collateral while not violating the laws and regulations.  After participating in this webinar, you will be prepared to answer examiners’ questions on this topic.

HIGHLIGHTS

  • Differences between a guarantor and a co-signer
  • Restrictions on requiring a spouse to guarantee or co-sign
  • When can you require a spouse to sign a security agreement?
  • How to prove that applicants applied for joint credit
  • Specific provisions that should be included in guaranty and security agreements
  • When is it acceptable to go against the guarantor before going against the borrower?
  • TAKE-AWAY TOOLKIT
    • Interagency Fair Lending Examination Procedures used by NCUA
    • Examination Procedures Checklist used by the CFPB
    •  

WHO SHOULD ATTEND?

This informative session will benefit loan officers, loan operations personnel, credit analysts, compliance officers, auditors, attorneys, and managers.

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, Esq. 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

 

Convenient!

Listen to the
archived web link on your

iPad

iPhone

Android

Instructions will be emailed to you with
the archived link.

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.

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 web link. This web 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 the link nor CD will be available after this time.

3.  BOTH LIVE WEBINAR & ARCHIVED WEB LINK (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

Click here to register:  https://mcua.fed.cuwebtraining.com/store/webinar

March 5th, 2013 2:00 PM   through   3:30 PM

Event Info

When

March 5th, 2013 2:00 PM   through   3:30 PM

Contact

Phone: 314.542.1321

Email:


Help spread the word



You can also share the below link in an email or on your website.
https://www.mcua.org/civicrm/event/info?id=346&reset=1&cid=0