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Credit Application Terms and Conditions: Getting It Right From the Start

Learn the importance of the terms and conditions to credit card applications.

Does your company extend credit without a credit application? Should it continue on this course? Does your company's credit application have all of the essential terms necessary to protect it in the event of a legal dispute with a customer? Should your company require a personal guaranty when extending credit? This topic will address all of these questions and more. You will learn the importance of having a credit application, including how it can be used as a tool to gather information about customers that can be later used for collection purposes. We will cover vital credit application terms, whether arbitration and mediation clauses should be included, and potential pitfalls for electronic credit applications. We will also address the importance of securing a personal guaranty in conjunction with a credit application.

Runtime: 60 minutes
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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

Credit Application Basics

  • A Tool to Know Your Customer
  • Secretary of State Searches
  • An Enforcement Weapon for Later

The Essential Terms and Conditions

  • Payment Terms
  • Interest Rates and Usury
  • Attorneys' Fees
  • Where Do POs and Invoices Fit in?

Arbitration and Mediation Clauses

  • Litigation
  • Arbitration
  • Mediation

The Electronic Credit Application

  • Basic Requirements
  • Potential Pitfalls

The Personal Guaranty

  • Importance of Securing a Personal Guaranty
  • Essential Terms
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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 February 22, 2018.

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

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • GA CLE 1.0
     
  • HI CLE 1.0
     
  • IL CLE 1.0
     
  • ME CLE 1.0
     
  • MT CLE 1.0
     
  • NJ CLE 1.2
     
  • NV CLE 1.0
     
  • NY CLE 1.0 including Areas of Professional Practice 1
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • HI CLE 1.0
     
  • IL CLE 1.0
     
  • ME CLE 1.0
     
  • MT CLE 1.0
     
  • NJ CLE 1.2
     
  • NV CLE 1.0
     
  • NY CLE 1.0 including Areas of Professional Practice 1
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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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

Karen L. Hart

Karen L. Hart

Bell Nunnally & Martin LLP

  • Partner at Bell Nunnally & Martin LLP, with a practice focused on commercial litigation, creditors' rights, and real estate
  • The Best Lawyers in America® (Commercial Litigation), 2017, 2018
  • Top 50 Woman Attorney in Dallas, National Diversity Council, 2017
  • Featured in Texas Monthly Super Lawyers as a Texas Monthly Rising Star®, 2006, 2007, 2011 – 2014
  • Winning Women Award Honoree, Texas Lawyer, 2014
  • Women in Business Honoree, Dallas Business Journal, 2012
  • Served as judicial law clerk to the Honorable Hayden Head, U.S. District Court, Southern District of Texas, 2001-2002
  • J.D. degree, with honors, University of Texas at Austin School of Law
  • Can be contacted at 214-740-1444 or [email protected]
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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.

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Product ID: 401063
Published 2018
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Available in Multiple Formats

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