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The Right of Setoff: What Bankers Need to Know

The right of setoff is a complicated, but very effective, tool for collecting debts owed to a financial institution. Learn the best practices and dangers that can arise when using this process.
Upcoming
DATE

Wednesday, September 30, 2026
11:00 am - 1:00 pm

INSTRUCTOR

Terri Thomas

FORMAT

Webinar

  • Collections
  • Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Deposit Operations Manager/Specialist
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Senior Management
  • Teller
  • Training Manager
  • Trainer
  • Workout Specialist/Collector

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Right of setoff is used frequently in the financial services industry when trying to collect on past-due debts owed by customers. Unfortunately, many 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.)

What You'll Learn

  • What You'll Learn to be Added.
  • Bullet Point
  • Bullet Point
  • Bullet Point
  • Bullet Point

    • Who Should Attend

    This session is ideal for all loan and deposit personnel, legal counsel, and compliance officers.
    Terri Thomas

    Instructor Bio

    Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

    Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.

    Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.

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