Mandatory Repossession Letters and How to Avoid Common Mistakes
02.25.2015 - 02.25.2015 (lending)
Learn proper form completion and identify common mistakes to prevent non-compliance issues.
UCC form repossession letters such as the notice of sale, notice of right to redeem and notice of deficiency/surplus are part of the required paperwork collectors must complete. This session will review how to properly complete the letters while focusing on common misconceptions – often these required letters are riddled with mistakes. This session will highlight how these form letters are often non-compliant so you know what to watch for when reviewing your repossession letters to ensure compliance.
During this webinar with industry expert Christy Jones, you will:
- Learn when to complete the repossession letters, how to send them and what address to send them to
- Identify common mistakes and how to review your letters for accuracy
- Understand the pros and cons of itemizing costs and fees
- Leave with examples to check your form letters for compliance
This event is produced by the CUNA Center for Professional Development and endorsed by the CUNA Lending Council.
Who Should Attend
This webinar is beneficial for credit union collections, lending and compliance professionals. Affiliation with CUNA/League is required for attendance.
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Cross Council Event Schedule
M & BD
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