Lenders and financial institutions are regularly hit with legal orders, whether through a subpoena, summons, garnishment, or third-party demand for records. These requests come fast and furious, and often lenders are 'damned if they do, damned if they don't.' Failure to adequately respond to an order or miss a deadline, can result in substantial penalties for the lender. Alternatively, turn over too much information and lenders run the risk of being hit with a malicious prosecution action by the borrower.
This webinar will provide an overview of national trends in demand requests and key state-by-state differences in lender responsibilities, as well as first-person accounts about what has – and hasn't – worked in regard to demand requests.
This webinar will cover the following:
Approved for 1.0 hour general CLE credit in California and Illinois
Approved for 1.2 hours of general CLE credit in Missouri
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