Working
with Auto Dealers
in Troubled Times
A NorthLegal Webinar
Presented July 2, 2009
(Originally scheduled for June 25, 2009) (Appx
2:10 (130 min.))
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First
Chrysler, now General Motors.
Two of the largest automobile
manufacturers and retailers are in bankruptcy. Thousands
of auto dealerships are expected to close or lose their franchises. Multiple
thousands of others are in trouble — not
just because of these bankruptcies, but also because of the economy
in general.
The automobile lending
business has always had an element of risk. Lenders who
understand and carefully manage that risk provide a valuable
service and generate revenue. Lenders who underestimate
that risk -- and who fail to adapt to economic realities --
can lose millions of dollars! |
Attorney Eric North has
been involved in all aspects of the automobile lending business;
he has managed small financial institutions setting up and operating
direct and indirect lending programs, worked as finance manager
of a new car dealership; served as legal counsel to several new
and used car dealerships; and represented credit unions and other
financial institutions with respect to their lending programs. His
experience includes helping clients develop policies that prevent
losses and representing clients in litigation as they recover losses.
During this program, Eric talks with participants about: |
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"Eric
makes what would ordinarly be dry material interesting, with
his stories and animated delivery style."
"Eric
always does a fabulous job of boiling down a very complex subject
into understandable bits."
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What risks lenders must manage when financing
the purchase of new and used vehicles. |
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The most common ways lenders lose money as a result
of dealer conduct — and how to prevent having this from happening
to you. |
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Warning signs lenders should recognize
that indicate an automobile dealer may be in financial trouble and
represent an increased risk. |
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Steps to protect yourself as you work
with a dealer even as the dealer experiences financial challenges. |
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Why impending dealership closure or loss
of franchise doesn't necessarily mean the end of your relationship. |
This program is intended
for lenders, collectors, title clerks, and those who supervise them.
Like
other NorthLegal Webinars, this program gives you the
opportunity to train several staff members for
a single low price, right in the convenience of your office!
NOTE: This
program is intended for employees of credit unions and other lending
institutions. If you are not a lending institution employee, please
contact NorthLegal Training and Publications 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 by 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 Training and Publications at 623.537.7150.
Regions
Affected
This program is not state-specific, and
will be important to credit unions from around the country.
Co-Hosts
This
program is jointly hosted by NorthLegal Training and Publications,
by the credit union leagues and assocations representing the following
states:
Arizona
California
Colorado
Delaware
Hawaii
Kansas
Kentucky
Louisiana
Massachusetts
Minnesota
Mississippi
Montana
New Hampshire |
Nevada
North Dakota
Oregon
Rhode Island
South Dakota
Tennessee
Utah
Vermont
Washington
West Virginia
Wisconsin
Wyoming |
and by the following local and regional associations:
The California
Credit Union Collectors Council
The NorthWest Credit Union Collectors Association
(Participants
do not have to be members of any of those leagues or
associations in order to attend.)
How
to Attend a Webinar
To attend this program you will need access to an Internet connection.
More details about how to participate will be provided upon registration
or (if you would like details before registering) may be obtained by
calling NorthLegal Training and Publications.
5115 N. Dysart Road, No. 202-500
Litchfield Park, Arizona 85340
Telephone: 623.537.7150
Facsimile: 623.537.7921
Email: NLBC@culaw.com
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NorthLegal Webinars
NorthLegal Bankruptcy Conference for CUs
Speaker: Eric North
 Eric
North, the primary speaker at the programs listed on this site, has represented
the interests of credit unions and other financial institutions 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 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.
Watching your training
budget? NorthLegal
Webinars allow you to train multiple employees for one low fee.
Webinar scheduling conflict? No
problem. Just register, skip the program, and contact NorthLegal
to arrange a replay of the presentation at a time that is more
convenient for you. You get all the benefits of a live program,
plus the ability to "pause" the program to take notes
or to discuss the materials being presented. |
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