Repossessing Motor Vehicles (Part I)
What to Know and Do Before You Pick Up Collateral
May 16, 2024
at
10:00 a.m. PDT (11 MDT, 12 CDT, 1 EDT)
Estimated Duration: 90-120 minutes
| Cost | How to Attend | How to Obtain Handouts |  |
Repossessing motor vehicles is serious business! Because of the impact repossessions have on consumers' lives, all states have complex laws that govern every part of the pre- and post-repossession process. Not knowing, understanding, and carefully following these laws can cause the loss of deficiency balance rights, significant financial penalties, and public embarrassment for the violating creditor.
Many repossession-related lawsuits are triggered by things that happened before the repossession occurred. During this Part I of the Repossessing Motor Vehicles program, attorney Eric North will talk with participants about crucial steps creditors must take before placing a repossession order and while the order is out. Discussion topics will include —
- Which state's law should a creditor follow? What important step can a creditor take to significantly reduce risk in this area?
- How to be sure you have the right to repossess. (Being "on title" isn't nearly enough!)
- "Right to cure" letters: what they are and how to find out if you need to send one.
- How to wisely choose a repossession agent for regular use or for use in a single case.
- Important legal requirements for agreements between you and a repossession agent and how ignoring those requirements can affect you.
- What your options are if collateral is being hidden and important (and often overlooked) steps you can take that will help you if the borrower later files bankruptcy.
- What you should and shouldn't say to a borrower while a repossession order is out.
- Last minute things to check before placing the repossession order.
NOTE: This program is intended only for employees of consumer lending
institutions. Please contact NorthLegal Training and Publications to obtain approval
before registering if you are not an employee of a consumer lending institution.
Cost/Registration
Until the program begins, the fee to attend is $175.00
if paid by credit card or $185.00 if paid by check. For that fee, you and others from your financial institution may view the live program (from one computer) AND the
archived program as often as you like for a period of 180 days.
After the live program has ended, the fee to register for and watch the archived program will be $190.00
Handout Materials
Handout materials will be made available in PDF the day before or morning of the program. When they are ready, an email will be sent to all registered participants and a link will appear on the right-hand side of the page at northlegal.com.
How to Register and Attend a Webinar
To attend this NorthLegal Webinar, please do the following:
- Register. To register online using a credit card, click one of the "Register" buttons above. To register by mail, call NorthLegal at 623.537.7150.
- Check your email. Within moments after you complete the registration process you should receive two emails. One will be a sales receipt for the transaction and the other be an enrollment confirmation containing a link to attend the program and detailed instructions explaining how to use that link.
- Watch for an email the day before the program or the morning of the program telling you that the handout materials are ready to be downloaded. (A link will also appear on this site's home page when the materials are ready.)
Speaker: Eric North
Eric North is an attorney who represents the interests of credit unions and other financial institutions respect to litigation, compliance, governance, bankruptcy and collections matters. Eric has appeared in state and federal courts throughout the State of California, and has argued before the Ninth Circuit Court of Appeal.
Eric is also a nationally recognized speaker on legal issues relating to consumer
lending institutions, and has presented hundreds of programs on behalf of national,
state and local leagues and associations from around the country.
Live program scheduling conflict?
No problem! Registration for a NorthLegal webinar automatically entitles you to watch it live AND to watch the archived version as many times as you like for 180 days!
If you or your staff can't make the live program, you still have plenty of time to watch at a time that is more convenient for you!