Sep 18, 2018 11:00am -
Sep 18, 2018 01:00pm
(GMT-5)

Event Description

"Right of Setoff" is used frequently in the banking industry when trying to collect on past-due debts owed by customers. Unfortunately, many bankers don't understand the legal requirements and procedures necessary to use this process. The risks of using the process incorrectly can be costly to your financial institution. On the other hand, successfully using the right of setoff can protect your financial institution from significant financial losses.

Do you know when the right of setoff is allowed and when it isn't? Do you know if your financial institution has a statutory or contractual right of setoff? Do you understand the financial risks of using your setoff rights incorrectly? If you don't know the answers to these questions, make sure to attend this valuable webinar.

Topics Covered:

  • What are the legal requirements to create a "right of setoff?"
  • What is the difference between a contractual right of setoff and a statutory right of setoff?
  • What are the differences between setoff, garnishment, and foreclosure of security interest, and why are these terms frequently misused?
  • What happens when a third party is competing with your financial institution's right of setoff?
  • How does the automatic stay in bankruptcy affect the right of setoff?
  • When is the right of setoff absolutely prohibited?
  • How to handle notice to the customer?
  • What is sample contractual language that can help your financial institution exercise its setoff rights?
  • What are the liabilities that can be incurred when setoff is done incorrectly?

Who Should Attend?

All loan and deposit personnel, bank counsel and compliance officers.

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 Sep 01, 2018.
Regular registration starts on Sep 02, 2018 and ends on Mar 20, 2019.
Late registration starts on Mar 21, 2019.
(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
 On Demand Link & "FREE" CD Rom
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live & On Demand Link (Includes CD Rom)
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00