Collections & Right of Set Off in Commercial Lending

  • by ICBSD
  • Aug 19, 2020
  • 0

Date(s) - 08/19/2020
2:00 pm - 3:30 pm


Collections & Right of Set Off in Commercial Lending

Don't miss this webinar.

Compliance is paramount! Errors can cause losses in excess of the loan amount. Do you understand the legal requirements that must be satisfied and the specific steps to take before exercising the right of set off for commercial borrowers?


  • $230 – Live Webinar
  • $230 – Recorded Webinar + Free Digital Download
  • $350 – BOTH Live Webinar and Recorded Webinar + Free Digital Download


Commercial loan delinquencies may be rising, so it’s important to understand the right to set off deposit accounts for these past-due loans. Your institution has a common law right to set off if certain legal requirements are satisfied. In addition, you may have a contractual right to set off, depending on the language in your deposit contracts.

Exercising the right of set off is different from foreclosing on a security interest in the account. Making a mistake could result in losses that far exceed the loan amount. When can your institution apply money in the borrower’s or guarantor’s account to pay past-due loan amounts? Must the borrower or guarantor be notified before your institution exercises this right of set off? If your institution receives a garnishment from another creditor, can you set off the account before honoring the garnishment? This webinar will answer these questions and more.

Attendance certificate provided to self-report CE credits.


This informative session is designed for staff involved with commercial loan collections, such as loan officers, workout officers, loan operations staff, collectors, attorneys, auditors, compliance officers, and managers.