Exercising the Right of Setoff on Deposit Accounts & Loans

Jan 30, 2018 03:00pm -
Jan 30, 2018 04:30pm

Event Description

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.


  • Legal and regulatory explanation of the right of setoff
  • Differences between contractual right of setoff and common law right of setoff
  • Differences between setoff and foreclosure of a security interest
  • Requirements that must be satisfied before setoff is permitted
  • Which accounts and loans are subject to setoff

Take-Away Toolkit:

  • Checklist of items that must be satisfied before setoff is permitted
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key


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.

Registration Options:

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Dec 25, 2017.
Regular registration starts on Dec 26, 2017 and ends on Jan 30, 2018.
Late registration starts on Jan 31, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00