Repossession Sale Notices
In the Wake of the Juarez Decision
A NorthLegal Webinar
Recorded July 26, 2007

Program Description
Cost/Registration
Regions Affected
Co-Hosts
How to Attend a Webinar

›› Enroll / Attend: Use a credit card or a "coupon" to enroll. Use the Access Code that will be emailed to you to attend. (More Info.)

›› Program Materials: After enrolling, download program materials. Contact NorthLegal for password to open the file.

-- PROGRAM DESCRIPTION --
On June 26, 2007, the California Court of Appeal for the Fourth Appellate District issued a sweeping decision that may have invalidated the repossession sale notices used by financial institutions (including credit unions) across the state, and that calls into question the collectability of millions of dollars worth of deficiency balances.
According to the appellate court, repossession notices are invalid in many instances unless they contain much more detail about how much a debtor must pay to reinstate a loan, who payment must be made to, and what circumstances might require additional payments -- than most financial institutions have provided.    Learn what you need to do to prevent further losses!!

This decision, which interprets the law much more strictly than any published decision before it, is likely to cause a new spate of class action lawsuits!  Credit unions across the state are scrambling to figure out how the case affects them, and what to do about it.

During this program, Eric North -- a credit union attorney with more than 20 years experience prosecuting and defending lawsuits involving credit unions, and the author of the California Repossessions: Law and Procedures Guide -- spoke with credit union professionals from California, and with credit unions from other states doing business in California, regarding:

•
 What the Juarez court actually said, how it compares to what the legislature said in the Civil Code, and why no one saw this coming.
• How the Juarez decision -- if it remains on the books -- affects the validity of the repossession sale notices your credit union has been using.
• What effect the Juarez case has on your right to collect deficiency balances from past repossession sales, and what you should consider when deciding whether to pursue -- or to charge off -- those balances.
• What the options are for overturning or otherwise limiting the Juarez decision, what steps are being taken right now in that regard, and how those steps affect your credit union's decision making.

Eric also discussed the updated notice of sale forms provided to owners of the California Repossessions: Law and Procedures Guide, including how those forms should be completed and how they can be improved.

For more information, or to register, CLICK HERE.

NOTE: This program is intended for employees of credit unions, but will be made available to credit union lawyers and others in the repossession industry.   However, if you are not a credit union employee, please contact NorthLegal to obtain approval before registering.

-- COST / REGISTRATION --
The registration fee for this program is $125.00 per telephone/Internet connection if paid by credit card (online or by telephone), $135.00 if paid by check. (Checks must be received at NorthLegal prior to the beginning of the program. Sorry, but we cannot invoice for this event.) For that single price, you may have as many participants as you wish listen (over a single telephone line and Internet connection) in a conference room or office! To register, click here or telephone NorthLegal at 623.537.7150.

-- REGIONS AFFECTED --
This program is of interest primarily to California credit unions, although credit unions in other states who make automobile loans in California may benefit as well.

-- HOW TO ATTEND A NORTHLEGAL WEBINAR --
To attend this program you will need access to an Internet connection and a PC with a sound card.  Both the audo portion and the video display are provided over the Internet. Here are the steps:

1.  Enroll online, by clicking the "Enroll / Attend" link at the top of this page.  You will need a credit card or a "coupon code" from NorthLegal.  After you enroll, an Access Code will be sent to the email address you provide.  (If you were provided with an Access Code by NorthLegal, you may go directly to Step 2.)

2.  After receiving an Access Code, click the "Program Materials" link at the top of this page to download the materials in PDF format. Contact NorthLegal to obtain the password needed to open the PDF file.

3.  After downloading the program materials, return to the "Enroll/Attend" link at the top of this page, scroll to the bottom, enter that Access Code," and click "Playback."

Contact NorthLegal Training and Publications if you have any questions or suggestions for improvement.

NorthLegal
NorthLegal Training and Publications
20280 North 59th Ave., No. 115-334
Glendale, Arizona 85308

Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: northlegal@culaw.com

NorthLegal Webinars
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Speaker: Eric North

Eric North, the primary speaker at the programs listed on this site, has represented the interests of credit unions as an attorney with respect to litigation, compliance, governance, bankruptcy and collections matters since 1984. 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 subjects affecting credit unions, and has presented hundreds of programs for for national, state and local credit union leagues and associations from around the country.

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