When is Default Interest Allowed Under California Law?
While charging additional interest upon a borrower’s default is common in California, courts eye the default interest rate provision suspiciously. In this webinar, examine the concept behind default interest rate provisions and the impact of recent case law on its enforceability. If an institution currently charges default interest or is considering doing so in the future, this session is a must.
Who Should Attend: Chief Credit Officer, Commercial Loan Officer, Consumer Loan Officer, Junior Loan Officer, Compliance Officer
- Develop the skills to determine whether an existing default interest provision is sufficient to pass a court’s scrutiny
- Explore the necessary correlation between the increased rate and the cost to the company caused by the default
T. Robert Finlay
Wright, Finlay & Zak, LLP.
T. Robert Finlay is one of the three founding partners of Wright, Finlay & Zak, LLP. Since 1994, he has focused his legal career on consumer credit, business and real estate litigation, and has extensive experience with trials, mediations, arbitrations and appeals. He is at the forefront of the mortgage banking industry, handling all aspects of the ever-changing default servicing and mortgage banking litigation arena, including compliance issues for servicers, lenders, investors, title companies and foreclosure trustees.
|Pricing For||Price||Season Pass|
Season Pass Members receive 4 individual logins to every webinar
Participants will earn 1.0 CPE credit
Field of Study: Specialized Knowledge
Prerequisites: Default interest knowledge
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar
Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.