CU Webinar Webinars - Live

When a Borrower Dies: Actions to Take, Mistakes to Avoid

November 20 | 3:00 pm - 4:30 pm ET
Category:
CU Webinar Webinars - Live
Contact: Krista Simonis at ksimonis@mainecul.org

Now what? A borrower passed away, but still owes money to your institution.

What are the chances of collecting? How do you go about it – compliantly? Is setoff an option? What about relatives or joint accounts? Don’t miss this jampacked webinar with the answers to all your questions.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Understand what steps to take when a probate estate is opened and what to do when a probate estate is never opened
  • Determine when relatives of the deceased or other parties can be held liable for repayment of the loan
  • Distinguish the situations when the death of a co-borrower can constitute a default under the loan
  • Properly exercise your institution’s rights of setoff in the deceased’s deposit accounts
  • Explain the special rules for home mortgage loans when a borrower dies

For more information, including pricing and registration, click here.