Your institution has the right to set-off a depositor’s account for a debt owed if certain legal requirements are satisfied. This webinar will explain these requirements and address the steps that must be taken before exercising the right of setoff.
If a debtor defaults on a loan, when can your institution apply money from the debtor’s account to pay the loan? Does the debtor have to be notified beforehand? What if the debtor’s account has more than one owner? If your institution receives a garnishment from another creditor, can your institution set-off before honoring the garnishment? Learn the answers to these questions and more.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for personnel involved in the deposit, garnishment, or collection areas, such as deposit operations personnel, loan operations personnel, collectors, attorneys, compliance officers, auditors, and managers.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.