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Consumer Lending Collateral Considerations & Documentation

Jun 21 2:00 PM - Jun 21, 2022 3:30 PM
Jun 21, 2022 2:00 PM - 3:30 PM
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This must-attend session will cover the ins and outs of consumer collateral from A to Z. Learn how to properly perfect security interests in all types of personal property and get the documentation requirements down pat! This thorough training will help you avoid mistakes and reduce loss.

Learning Objectives

  • Understand the documentation required for each different loan type
  • Use the proper method of perfection for each type of collateral
  • Determine when a co-signer or guarantor can be required for a consumer loan
  • Identify the documents a borrower’s spouse can be required to sign
  • Fulfill your institution’s responsibilities to a borrower, co-signer, and guarantor

Your financial institution must properly document its consumer loans and properly perfect its security interest in collateral. Making a mistake in the documentation or perfection process often results in losing the ability to collect against the consumer and/or the collateral. This webinar will provide a thorough, up-to-date understanding of consumer loan documents and how to properly perfect security interests in all types of consumer personal property collateral, including motor vehicles and other titled property, deposit accounts, stocks and mutual funds, computers and equipment, furniture, accounts receivable, general intangibles, and contract rights. It will explain the situations where filing a UCC-1, taking possession, or obtaining a third-party control agreement is required for perfection. It will also address the compliance rules under Reg B and Reg Z that are applicable to consumer loan documentation.

(This webinar will not cover real property collateral).

Agenda

Speakers

Elizabeth Fast, JD & CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane 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.   

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance