Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual

Minnesota Repossession Basics

Understand how the Fair Debt Collection Practices Act as well as Minnesota state consumer protection laws affect your collections.

When a consumer defaults on an auto loan, the creditor needs to quickly know the best course of action to promptly secure the collateral and collect on the outstanding balance. The likelihood of successfully recovering on the loan and minimizing attorney fees is dependent upon how quickly the collateral can be repossessed. When determining how to proceed there is federal regulation, state law, and procedural issues to take into consideration. This information will help the persons responsible for managing delinquent auto loan accounts understand what to do when placing the account in the legal department and then how an attorney should proceed against a consumer who is refusing to abide by the terms of the security agreement. Review Replevin actions and how you should proceed. Failure to take into consideration the value of the collateral, the amount of default, and the collectibility of the account could lead to waiver of certain legal remedies that are available to creditors and may result in headaches for the creditor and its attorneys later on. Understand how the Fair Debt Collection Practices Act as well as Minnesota state consumer protection laws affect how you may go about collecting on a defaulted auto loan.


Runtime: 60 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Learn How to Proceed Against a Consumer Who Has Defaulted on His or Her Auto Loan

  • First Steps in Considering Whether to Pursue Collateral or to Write-off
  • Minnesota's Consumer Protection Laws and Exemptions Amounts

How to Gain Possession of Your Creditor Client's Collateral Without Breaching the Peace

  • Benefits of Repossession Under Certificate of Title or Replevin Action

Proceeding With a Lawsuit (Adequate Protection for Your Client)

  • Election of Remedies, Jurisdiction, and Time Management
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 7, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • CBC 0.5
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Andrew A. Green

Andrew A. Green

Cottrell Law Firm, P.A.

  • Attorney at Cottrell Law Firm, P.A.
  • Practice emphasizes all aspects of creditors rights and consumer debt collection
  • Memberships of numerous associations including Minnesota State Bar Association, Hennepin County Bar Association, Ramsey County Bar Association and Commercial Law League of America NARCA – the National Creditors Bar Association™
  • J.D. degree, William Mitchell College of Law; B.A. degree, Concordia College
  • Can be contacted at 651-905-0496 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 397412
Published 2016
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!