Statutory Lien and Right of Offset
Join Attorney Matthew Urban of Weltman, Weinberg & Reis Co., L.P.A., to learn what credit unions need to know to properly enforce a statutory lien or right of offset on an account and what procedures are involved in the process. This webinar will answer many of the questions we receive on the Compliance Hotline, such as:
- What requirements must be met in order for a credit union to exercise its right of offset to pay a delinquent credit card?
- What if my borrower dies and there was another person on the deposit account but not on the loan?
- What if the account contains protected funds such as Social Security, can I still use the right of offset?
- Can I take the full amount of the loan if my member is delinquent or do I just take one payment?
- And many more!
Matt is an Attorney with Weltman, Weinberg & Reis. He is the Managing Attorney of the Credit Union Group in the Pittsburgh office and oversees credit union work across Pennsylvania. In addition, he practices in Consumer Collections, focusing on general consumer collection matters. Matt earned a B.A. magna cum laude in History from West Virginia University in 2000 and a J.D. from Duquesne University School of Law in 2003. A member of the Allegheny County Bar Association, he is licensed in Pennsylvania and is admitted to practice before the U.S. District Court (Western District of Pennsylvania). He serves on the Board of Directors for the Pennsylvania Creditors’ Bar Association.
There will be a Q&A session at the end of the webinar. Questions may be submitted in advance by emailing email@example.com. Please use “Statutory Lien and Right of Offset” in the subject line.
This webinar is sponsored by CUNA Mutual Group.