Repossession may seem like a routine part of loan servicing, but it’s one of the most legally hazardous and reputationally sensitive actions a financial institution can take. What begins as a collateral recovery operation can quickly devolve into a regulatory nightmare, lawsuit, or PR crisis. But when done correctly, repossession can mitigate loss and preserve collateral value. This webinar will walk through the repossession process from end to end, with a focus on legal compliance, proper notification procedures, and best practices for the sale of repossessed collateral. You’ll learn why repossession is such a legally risky area and how your institution can turn risk into opportunity with smart controls, detailed documentation, and proactive governance. Whether your institution outsources repossession services or manages part of it in-house, this session will help ensure your practices are sound, defensible, and aligned with current legal and regulatory standards. Veteran collections attorney David Reed will teach you how!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate the growing legal and operational risks associated with repossessions
- Deploy a roadmap for building effective internal processes
- Design tools to strengthen oversight of third-party agents and sale vendors
- Create strategies for maximizing collateral recovery
- Understand the requirements of a commercially reasonable sale
- Employ practical solutions for integrating repossession controls into your broader risk management framework
- Avoid common repossession pitfalls
TAKE-AWAY TOOLKIT
- Pre-repossession compliance checklist
- Post-sale accounting summary form
- Sample UCC-9 repossession notice
- Repo vendor oversight guidelines
- 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 session is designed for executives, managers, internal auditors, lending staff, collections managers, compliance officers, risk management officers, vendor management staff, and anyone involved in the collections and asset recovery process.
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
David A. Reed, JD, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR 2. ON-DEMAND WEBINAR 3. BUNDLE & SAVE
- 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
- 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
- Save when you Bundle the Live + On-Demand Webinar Registration
- Includes all the items listed above
- Full registration descriptions can be found here
