UCC Article 9 Default Provisions: What Secured Creditors Need to Know

Date: April 17, 2013
Time: 2:00 PM- 3:30 PM CST
About:
Upon the event of a default, UCC Article 9 authorizes a credit union to only take certain actions and only after specific notice is given to the member.  This webinar will explain the proper way for a credit union to handle defaults and avoid costly mistakes.  It will examine various types of defaults (both payment and non-payment) and how some credit unions unwittingly waive defaults through their course of dealing.  This webinar also will explain the repossession process under the UCC, starting with the required notices and ending with the sale of collateral at a public or private sale.  The most-common errors in the repossession process will be addressed.

     HIGHLIGHTS
     > What constitutes an event of default?
     > When does a course of dealing waive a member’s default?
     > Is an “insecurity clause” enforceable?
     > Why is an acceleration clause important?
     > When is a right-to-cure notice required?
     > When is it appropriate to conduct self-help repossession?
     > What is required for a commercially-reasonable sale?
     > TAKE-AWAY TOOLKIT
          - UCC Article 9 default and repossession checklist to ensure you don’t miss a step

Registration Options:
Live Webinar- $200
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

On Demand Web Link & CD- $200
Can’t attend the live webinar?  The ON-DEMAND WEB LINK is a recording of the live event including audio, visuals, and handouts.  We even provide the presenter’s email address so you may ask follow-up questions.  Approximately 1 week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date.  But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.*  The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

Live Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250
Includes options 1 and 2 above

Special Registration Option for member credit unions under $20 million-$169
On-demand link only (does not include CD or live webinar)

*To register for this webinar, click here.

For more information, please contact Carrie Buchholz at:
(P) 405.702.8622 ext. 215
(E) carrie@cuaok.org