Event Calendar

Wednesday, November 20, 2024

When a Borrower Dies: Actions to Take, Mistakes to Avoid Webinar

Start Date: 11/20/2024 9:00 AM MST
End Date: 11/20/2024 10:30 AM MST


Event Website: https://financialedinc.com/when-a-borrower-dies-actions-to-take-mistakes-to-avoid

Organization Name: Independent Community Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@icbcolo.org
Phone: (720) 607-7937

Now what? A borrower passed away, but still owes money to your institution. What are the chances of collecting? How do you go about it – compliantly? Is setoff an option? What about relatives or joint accounts? Don’t miss this jampacked webinar with the answers to all your questions. It’s bound to happen. One of your borrowers dies still owing on a loan or other obligation. In this situation, you must act swiftly to increase the chances of collecting on the loan and to avoid liability. What should you do? This webinar will explain the proper procedures and processes your institution should follow when a borrower dies owing on a loan or other obligation to your institution, including the special procedures under the mortgage servicing rules regarding home loans.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Understand what steps to take when a probate estate is opened and what to do when a probate estate is never opened
  • Determine when relatives of the deceased or other parties can be held liable for repayment of the loan
  • Distinguish the situations when the death of a co-borrower can constitute a default under the loan
  • Properly exercise your institution’s rights of setoff in the deceased’s deposit accounts
  • Explain the special rules for home mortgage loans when a borrower dies
TAKE-AWAY TOOLKIT
  • Sample procedures for handling and collecting loans of deceased borrowers
  • 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
WHO SHOULD ATTEND?
This informative session will be useful to all loan officers, loan operations personnel, collections staff, service representatives, compliance personnel, auditors, attorneys, and managers.
 
DON’T MISS THESE RELATED WEBINARS!
When a Business Owner Dies, Sells, or Delegates Authority, recording available
When a Depositor Dies: Actions to Take, Mistakes to Avoid, recording available
 
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.
 
MEET THE PRESENTER
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.
 
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR
  • Unlimited live connections with shareable access within your institution
  • Available to view on desktop, mobile & tablet devices
  • Take-away toolkit
  • Live Q&A session & the presenter's contact info for follow-up questions
  • Access the webinar training from your User Portal
2. ON-DEMAND WEBINAR
  • Unlimited and shareable access to the recording within your institution,
    starting two business days after the live date
  • Available to view 24/7 on desktop, mobile & tablet devices
  • Take-away toolkit
  • Ability to download the webinar video and toolkit items
  • Presenter's contact info for follow-up questions
  • Access the webinar training from your User Portal
3. BUNDLE & SAVE
  • Save when you Bundle the Live + On-Demand Webinar Registration
  • Includes all the items listed above
  • Full registration descriptions can be found here