"Right of Setoff" is used frequently in the banking industry when trying to collect on past-due debts owed by customers. Unfortunately, many bankers don't understand the legal requirements and procedures necessary to use this process. The risks of using the process incorrectly can be costly to your financial institution. On the other hand, successfully using the right of setoff can protect your financial institution from significant financial losses.
Do you know when the right of setoff is allowed and when it isn't? Do you know if your financial institution has a statutory or contractual right of setoff? Do you understand the financial risks of using your setoff rights incorrectly? If you don't know the answers to these questions, make sure to attend this valuable webinar.
This webinar does NOT discuss the procedures mandated by particular state laws.
Who Should Attend
All loan and deposit personnel, bank counsel and compliance officers.
"The speaker was very knowledgeable, current and a delight to listen to." -Pamela B., Industrial Bank
"The topic was timely for us and clearly explained the right of setoff and when it could or could not be an avenue for collection." -Dani L., ATL Federal Credit Union
"Very, very informative and no wasted time at all. Well done." -- Don Gerhardt, National Bank of Commerce
Continuing Education Credit Information
Recommended for 2.5 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.