Webinar: What You Need to Know about Guarantors, Co-Signers, Personal Guarantees & Joint Applications

Start: 3:00 pm
End: 4:30 pm
Event Days: 03/05/2013 - 03/05/2013

Including Security & Collateral Implications

Do you understand the legal prohibitions against requiring a spouse to be a guarantor or co-signer? Are you aware of the new rules about proving that applicants applied for joint credit? The Equal Credit Opportunity Act and Regulation B are a major focus of the NCUA and the CFPB, so your credit union must be well-trained in this complicated area. This webinar will review the related laws and regulations and explain the proper procedures for dealing with guarantors, co-signers and joint credit. You'll also receive a toolkit including NCUA's Interagency Fair Lending Examination Procedures and the CFPB's Examination Procedures Checklist.

About This Session:

This webinar will cover the following topics:

  • Differences between a guarantor and a co-signer
  • Restrictions on requiring a spouse to guarantee or co-sign
  • When to require a spouse to sign a security agreement
  • How to prove that applicants applied for joint credit
  • Specific provisions that should be included in guaranty and security agreements

Who Should Participate:

Loan officers & operations personnel, credit analysts, compliance officers, auditors, attorneys and managers

About the Presenter:

Elizabeth Fast, JD & CPA, Spencer Fane Britt & Browne LLP

Elizabeth Fast, Esq., is a partner with Spencer Fane Britt & Browne LLP, where she specializes in the representation of financial institutions and acts as head of the firm's training division. Before joining Spencer Fane, she was General Counsel, SVP and Corporate Secretary of a $9-billion bank with more than 130 branches, where she managed all legal, regulatory and compliance functions. Fast is a member of the Missouri State Banking Board by appointment of the governor.