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Tuesday
April 20, 2010
12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern
Meet the Presenter
Ann Brode
Brode Consulting, Inc.
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Examiners are in agreement that prudent loan workouts are often in the best interest of the lender and the borrower. They have encouraged, and will continue to encourage, lenders not only to extend new credit to credit-worthy borrowers, but also to work in a prudent manner with borrowers who may be facing financial difficulties.
It is in every financial institution’s interest to develop a strong policy for loan workouts and collections. This session will provide sample policy language and explain how implementation. The manual will be made available in a WORD format so you can easily utilize the sample language to either develop or fine-tune your policy.
HIGHLIGHTS
- Collection procedures, including the Fair Debt Collection Practices Act
- A 5-step timeline of appropriate actions from 18 days past due to 90 days past due
- Collection practices for different types of loans (e.g., consumer, real estate, commercial, etc.)
- For cases where it is beneficial to work further with the borrowers, learn the fine points of the regulatory agencies’ recently-released “Workout Guidelines”
WHO SHOULD ATTEND?
This informative session is designed for loan officers, collection officers, loan personnel, compliance officers, and auditors.
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