As lenders, we work hard to make good underwriting decisions regarding a borrower’s repayment ability. In addition to analyzing a consumer’s income or the cash flow of a business, it’s a common practice to also take a security interest in collateral. Collateral types vary greatly and each has specific requirements to perfect a security interest and mitigate risk. One risk factor that’s difficult to predict is death. If the death involves a sole proprietor, partner, or a key corporate officer, it may mean that a number of high balance loans are outstanding and repayment is uncertain. Lenders would like to be sensitive to the loan customer’s family or help the remaining business owners, but the compliance clock doesn’t stop ticking. What happens now, and what are the critical issues?
Highlights
CE Awarded 2 hours CRCM/CLBB (self-reporting)
Audience CSRs, branch managers, lenders, loan operations, credit administration, compliance personnel, legal staff and anyone who handles loan accounts. This webinar is presented at the national level - state law is not addressed.
Speaker Susan Costonis CRCM, Consulting &Training for Financial Institutions, is a compliance consultant and trainer who is affiliated with gettechnical inc. She specializes in compliance management along with deposit and lending regulatory training. Most of her 35-year career was spent as a banker in several areas including lending, marketing, electronic banking, compliance and senior management.
MBA Member Price: $275
On-Demand Price: $295
What is a Webinar? A webinar is an online seminar featuring audio, PowerPoint and other interactive features. The program may be viewed on most devices. No special hardware is needed; however, speakers or headphones are required. The program consists of 105 minutes of instruction and 15 minutes live Q&A. Each Live Webinar registration provides one connection to the webinar, materials and access to the On-Demand Webinar for 30 days. You may have unlimited listeners on your connection.
An On-Demand Webinar is a webinar that has been recorded and can be viewed at your convenience (24/7). Anyone at your branch may access the program online using the login. With an On-Demand Webinar, you have 6 months unlimited access to the program from the date of purchase (access to the live webinar is not included).