Repossessing Motor Vehicles (Part I)
What to Know and Do Before You Pick Up Collateral
A NorthLegal Webinar presented May 16, 2024
Duration: 1:45 hrs: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
The fee to attend this archived program is $190.00 if paid by credit card or $200.00 if paid by check. For that fee, you or someone from your financial
institution may view this program as often as you like for a period of 180 days. (NOTE: If your financial institution registered for the live program, you already have free access to the archvied version for six months! Contact NorthLegal for information.)
How to Attend an On Demand Webinar | How to Obtain Handouts
To attend this NorthLegal Webinar, please do the following:
| • | Register. To register online using a credit card, visit the "Register" link, 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 receipt for the transaction and the other will contain a link and instructions explaining how to use that link to attend the program. |
| • | Download the handout materials using the link appearing in the confirmation email. The confirmation email also includes the password needed to open the materials. |
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!