The Redaction Trap - NPI Disclosure Penalties to Avoid
04.23.2015 - 04.23.2015 (lending)
Apr. 23, 2015 11:00 a.m. - Noon CT
Avoid having to pay costly attorney fee awards due to improperly completed public filings related to different types of claims. Vigorous “consumers rights advocates” have discovered a profitable new cottage industry in catching inattentive lenders’ disclosure of non-public information (NPI) in public filings. Bankruptcy proofs of claim, small claims complaints, probate claims, even real estate records are found to contain plenty of un-redacted NPI. Motions to Redact now cost $25.00 to file in Bankruptcy Court, but can result in a $1000.00 attorney fee award – per motion, not per case. Plenty of debtors’ bankruptcy lawyers are finding they make more money off their clients’ lenders than they do off their clients themselves. Join industry expert Frank Drake and learn how to easily avoid an undeserved reputation as a “fee patsy”.
During this webinar, you will:
- Learn how to properly redact non-public information in public filings
- Avoid public filing mistakes that can lead to costly attorney fee awards
- Receive a detailed outline of legal content
Who Should Attend
This webinar is beneficial for credit union collectors and compliance professionals that oversee lending and collections. Affiliation with CUNA/League is required for attendance.
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