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Audio Conference: Cross-Collateralization and Rights of Offset, Exercising Your Collection Remedies
Thursday, November 2, 2017 6:30 AM

Join your colleagues for a two-part audio conference on "Cross-Collateralization and Rights Offset—Exercising Your Collection Remedies," hosted by the Cornerstone Compliance Council

Date: Monday, Nov. 6
Time: 10–11:30 a.m. CST

Get more information.

Cross-Collateralization: The Complete Story
Students will learn the basics of cross-collateral clauses to include:

  1. Document issues;
  2. Policy procedure considerations;
  3. Practical application issues (e.g., how to use properly);
  4. Pitfalls to avoid with CFPB/UDAAP and other exposures; and
  5. Helpful tips to ensure safe use of this valuable right.

Offsetting Funds/Limitations on Services
Instructor will address the right of offset and pledges of deposits—the full legal and compliance scheme from the common law, Reg Z, and certain limitations, such as Social Security and VA. Participants will also learn what you can and cannot do and how you generally can if you do all things right. Learn the implications from CFPB vs. NAVY Federal Credit Union.

Registration fee is $25 for Compliance Council members and $50 for non-Council members, which includes remaining 2017 Compliance Council membership.

Register here.

Todd SherpyYour Presenter: Todd Sherpy
Todd Sherpy is a founding partner in the law firm of Sherpy & Jones, P.A. with offices in South Carolina and Georgia. For more than 30 years, the firm has been dedicated to serving all of the legal needs of credit unions, and it provides compliance auditing, training, and consulting services throughout the United States. See more on Todd Sherpy's bio here.  

For questions about this audio conference or the council program, please contact Cristina Martinez at or 800-442-5762, ext. 6403.