updated 12/02/13 02:44 PM
WHEN A BORROWER DIES
Collecting Unpaid Debt
Do you know what to do and how to collect unpaid debt from a deceased member?
Get all the answers during the Dec. 5 When a Borrower Dies webinar, including who to contact, who is liable to pay the debts, and what happens to assets and collateral.
Attorney Eric North will discuss those topics, plus:
  • How Federal Trade Commission rules issued in 2011 affect credit unions lenders attempting to collect debts owed by deceased borrowers, whether those rules apply to you, and why they matter even if they don't apply.
  • Who you can talk to when collecting decedents' accounts and what you can and cannot say.
  • What are your rights when a relative or friend of the decedent has (or is living in) your collateral?
  • The difference between formal and informal estate administration, why it matters, and how to handle each.
  • Why are some of a deceased borrower's assets beyond the reach of creditors?
Click here to learn more and to register!
    © 2014 California Credit Union League