Maximizing Recoveries on Charged-Off Loans 

Thursday, April 4, 2024
11:00 am – 12:30 pm Eastern

Just because a loan has been declared a loss internally (charged off) doesn’t mean you should expect zero recovery! These loans may not be as “worthless” as they seem. Join veteran collections attorney David Reed as he reveals lessons learned from over 30 years of collections and bankruptcy experience. Now is not the time to maintain the status quo in the collections department! Join this session to learn all you can about actual, feasible charge-off recovery.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Maximize the timing of charge off 
• Evaluate in-house versus third-party collections solutions
• Choose the best placement option – agency or law firm
• Track recoveries on charged-off loans
• Understand the impact of statute of limitations
• Utilize account recall and re-placement options

WEBINAR DETAILS 

News on the delinquency front is not good. Increased late payments in credit cards and auto loans approaching decade-long highs, combined with the restart of student loan payments, have put pressure on your balance sheet. Are you ready for the increased charge-off volume and confident you are getting the most from the backend of your loan portfolio? “Out of sight, out of mind” shouldn’t describe your charged-off loans. Just because you declare a loan loss internally, doesn’t mean there should be zero recovery. With an active combination of in-house effort, collection agencies, and law firms, there are many ways to find money in those “worthless” loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge-off, to effective third-party placement details, to the science of tracking and comparing recovery results, this webinar will explore the practical side of charge-off recovery.

WHO SHOULD ATTEND? 

This informative session is designed for executives, CFOs, lending managers, collections managers, collections staff, and anyone interested in maximizing returns from charged-off loans.

TAKE-AWAY TOOLKIT

• Account placement worksheet
• Lifecycle of a charged-off loan
• Regulatory guidance
• Employee training log 
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits

SPEAKER

David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. 

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education, Training & Special Events Coordinator, Malia Widder, (614) 610-1877.