2013 Collections Seminar

In an intensive, full-day program, Frank Drake will administer a strong dose of collections law for credit union professionals, mixed with a generous measure of practical advice, model forms and procedures.

Liens: Anyone in secured lending must command the creation, attachment, perfection, and enforcement of security interests in collateral. All of these will be explained in this program. 

Frank will see to it no one leaves without a hefty dose of UCC Article 9, share-lien law and military-member legal restrictions.

Topics include:

  • TDR Policy
  • 1099-Cs
  • Case Law Update – What the courts have recently said about debt collection efforts
  • Repossessions, Debt Collection Issues – What you can and can’t do
  • New Rules Concerning Garnishment – Can they really garnish my social security?
  • Foreclosure Issues – Bidding at sale to protect second mortgage
  • Protecting Tenants at Foreclosure Act (PTFA)
  • Mortgage Forgiveness Debt Relief Act
  • Servicemembers Civil Relief Act (SCRA)

Who Should Attend

Presidents/CEOs/managers, collection officers, loan officers, credit committee members/volunteers

Date & Location

Little Rock, AR - Tuesday, July 23, 2013 (9:00 am - 4:00 pm)
Register Online
Arkansas Credit Union Association Office
1023 W. Capitol
Little Rock, AR 72201
501-376-6598
Area Lodging

Business casual dress is appropriate. Bring a jacket or sweater as room temperatures vary.

Presenter - Frank Drake

Frank DrakeFrank Drake is a partner at the Raleigh-based firm of Smith Debnam Narron Drake Saintsing & Myers LLP where he concentrates his law practice in the areas of creditors’ rights, creditors’ bankruptcy and commercial litigation. Combining 30 years of practical legal experience with a robust, energetic communication style, Frank lectures from his sizeable repertoire of topics, typically of interest to those in the financial industry. Whether leading a basic training on bankruptcy or teaching a seminar on hot compliance issues, Frank has a flair for presenting technical material in an entertaining way sending his audience away with useful tips and practical resources.

Frank has taught classes on bankruptcy and commercial law for the Indiana Bankers Association at Butler University, the National Association of State-Chartered Credit Union Supervisors and various states' Credit Union Leagues. He also served as speaker for several student loan lending agencies, credit unions, and state and local bar associations. Additionally, he has held compliance seminars for his clients to update them on the ever-changing creditors’ laws. Frank has worked with credit unions, banking and financial institutions, consumer and commercial lenders, and student loan agencies to enforce contracts, minimize losses, and fight fraud. As federal regulatory compliance has become increasingly complex, he also assists lenders with difficult compliance issues.

Frank earned his B.A. from University of North Carolina at Chapel Hill in 1975 and his JD from the same institution in 1978. He is certified as a Bank Secrecy Act Compliance Specialist by the Credit Union National Association (CUNA) and is involved in the National Association of State-Chartered Credit Union Supervisors. Frank was first admitted to practice law in Kentucky in 1978. Since then he has been admitted to practice in North Carolina and West Virginia.  In Kentucky, he was active in drafting statutory law on judgments and garnishments, the design and use of that state’s judgment execution forms, and policies and procedures concerning foreign judgment registration and land records docketing.

Frank currently serves as Mayor Pro Tem of Wake Forest, NC and as Ex Officio Member of its Fire Department Board of Directors. He is actively involved in his community's efforts to preserve and restore historic sites and homes, and he is an accomplished cabinetmaker.

Educational Investment

Fee Per Person - $225
Registration Deadline: July 19, 2013
Walk-in accommodated on a space available basis. Your investment includes instruction, handouts, model forms, and lunch.

Registrant Cancellation Policy

Substitutions are always welcome. Registration fee refunds (less a $50 processing fee per person) are granted for cancellations received in writing two weeks prior to the seminar.

Seminar Cancellation Policy

Locations with less than twenty (20) registrants two weeks out may be cancelled. In the event of cancellation, all registrants will be notified.

Grant Assistance

The Cornerstone Credit Union Foundation is accepting scholarship applications for League training events based on financial need. Applications must be received by the quarterly application deadline. Contact the Foundation at 800-953-8283 or visit their website for more information.

Questions?

Call 501-376-6508 or email Skeeter Brosius at sbrosius@cornerstoneleague.coop.

If you have physical, medical, or dietary needs requiring special attention, please contact us for proper arrangements to be made. For more information regarding administrative policies, such as complaint or refund, please contact us at 800-442-5762 ext. 6630.