Webinar Event

Use of Loan Guaranties Instead of Co-Signers

06.25.2015 - 11.25.2015 (lending)

Jun. 25, 2015 11:00 a.m. - Noon CT

Loan Guaranties Instead of Co-Signers: When is it better to backstop a borrower instead of co-signing with the borrower? Some credit unions are reluctant to see non-spousal co-signers on open-ended loans instead of closed-end products, because it means the co-signer remains liable long after the initial (maximum) disbursement has occurred. Instead, they try to steer the borrowers into closed-end products. Even if the loans have the same Annual Percentage Rates, it looks like unequal credit opportunities based on marital status, to zealous CFPB examiners.

The answer is not to seek a co-signer, nor is it to discourage open-ended borrowing, it’s to get a guaranty agreement signed. That agreement can be delimited in scope, term, extent, remedies or any other ways the parties can agree. In fact, at least one state requires such limits, to make any guaranty valid and enforceable. As a credit union attorney with deep insights into this topic, Frank Drake will furnish suggestions, forms, methods and practices that should avert the unwelcome gaze of skeptical regulators.


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August

Cross Council Event Schedule

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08.06.2015
LENDING
 

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WEBINAR$219 ($169 for Council Members)Register
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08.10.2015
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SCHOOL$1,195 ($1,395 after June 10, 2014) $100 discount for Council membersRegister
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08.10.2015 08.12.2015
CFO
 

CUNA Economics & Investments Conference

CONFERENCE$1,195 ($1,395 after June 10)Register
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08.16.2015 08.20.2015
CFO
 

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SCHOOLSee details for Part 1 & 2, and Part 3 pricingRegister
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08.17.2015 08.20.2015
M & BD
 

CUNA FUSE: Branch Operations & Business Development School

SCHOOL$1,395 ($1,595 after June 16, 2015) $100 discount for Council MembersRegister
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08.18.2015
O & ME
 

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ROUNDTABLEFree for Council MembersRegister
 
 
08.18.2015
TECH
 

Life after a Data Breach – People, Processes, and Technology

ROUNDTABLEFree for Council MembersRegister
 
 
08.27.2015
LENDING
 

SBA Export Programs: A World of Opportunity (Series Part 3)

ROUNDTABLEFree for Council MembersRegister