Lenders, Don’t Get Burned Twice: Consequences of the Full Credit Bid Rule in Light of the California Wildfires

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Over the course of two years, California has been devastated by wildfires. While foreclosures may be temporarily on hold, lenders will eventually be forced to complete many foreclosures. This webinar will discuss the strategy behind bidding at those foreclosure sales and the potentially devastating consequences of the Full Credit Bid Rule. Join fellow lenders to understand how the credit bid at the foreclosure sale could negatively affect the ability to recover insurance proceeds. 

Who Should Attend: Chief Credit Officer, Commercial Loan Officer, Consumer Loan Officer, Mortgage Loan Officer, Junior Loan Officer

Learning Objectives

  • Explore the interaction between the Full Credit Bid Rule and a lender’s right to recover insurance proceeds
  • Discover the best way to maximize a lender’s right to insurance proceeds while still completing its foreclosure sale.

Speaker

T. Robert Finlay
Partners
Wright, Finlay & Zak, LLP. 
T. Robert Finlay is one of the founding partners at 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. Mr. Finlay 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. 

Webinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every webinar

Additional Info

Participants will earn 1.0 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: Knowledge of the Full Credit Bill Rule

Advanced Preparation: None

Program Level: Intermediate

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.

Register

Click here to register online