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Wisconsin Credit Union Foundation

Repossession Practices, Compliance & Limitations

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.

May 22, 2019 02:00 PM   -­­  May 22, 2019 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders
  • Compliance

Register

Description

No lender likes to do repossessions, but it may be the only way to collect on a loan. Making a mistake in the repossession process can result in losing the right to pursue the debtor for a deficiency and cause substantial damage to 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.

Learning Objectives

  • What requirements does UCC Article 9 impose on the lender?
  • When is it legally permissible to conduct self - help repossession?
  • Can the lender choose between a private or public sale?
  • What must the notice of sale contain?
  • What is required for a commercially reasonable sale?
  • What if the debtor files bankruptcy?

Speaker

Elizabeth Fast, JD, CPA , Spencer Fane LLP

Investment

$259.00