Proper Repossession, Notice & Sale of Non-Real Estate Collateral

Collections Compliance Lending

On-Demand Webinar:

StreamedDec 5, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

A repo can be a “no-go” if you don’t follow the right steps.

A mistake in the repossession process can cost you the right to pursue a borrower and cause substantial damage to your institution. That’s a high price to pay! Ensure your team knows the ins and outs of the repo requirements from top to bottom.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Explain the UCC Article 9 requirements imposed in the repossession, notice, and sale processes
Understand how to legally conduct self-help repossession
Distinguish between a private sale and a public sale and when each should be used
Identify what the notice of sale must contain
Use proper and common sale procedures

WEBINAR DETAILS

Although no lender likes to do repossessions, it may be the only way to collect on a loan. However, the repossession process is fraught with peril for your institution. This webinar will explain all aspects of the repossession process regarding non-real estate collateral, starting with the decision to repossess and ending with the disposition of the collateral at a private or public sale. Learn the steps to properly repossess and dispose of collateral under UCC Article 9. This webinar will be applicable to consumer and commercial situations.

WHO SHOULD ATTEND?

This informative session is designed for all loan and collection personnel, including loan officers, loan operations staff, credit administration staff, managers, collectors, compliance officers, and attorneys.

TAKE-AWAY TOOLKIT

UCC Article 9 repossession checklist to ensure you don’t miss a step in the repossession, notice, and sale process
Form UCC notice of sale
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

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