One Day Training: Collections - Frank Drake

Join experienced attorney Frank Drake as he discusses various collection issues from a credit union’s perspective. You will learn what should be included in your policies and procedures to minimize your risks.

Collections Topics will cover the following and more:

  • Proper creation attachment, perfection and enforcement of liens on collateral
  • How to enforce secured and unsecured contracts
  • How to deal with service members and military borrowers
  • How to deal with Social Security Exemptions
  • How to create and enforce liens on deposits
  • How to adopt and enforce No Services policies
  • How to comply with reduction requirements
  • Common pitfalls and traps hidden in the Uniform Commercial Codes
  • How to deal with Qualified Written Requests and Requests for Information under Reg X 

Speaker: Frank Drake, Attorney at Law

Frank Drake is a partner at the Raleigh-based firm of Smith Debnam Narron Drake Saintsing & Myers LLP where he concentrates his law practice in the areas of creditors’ rights, creditors’ bankruptcy and commercial litigation.

Combining 36 years of practical legal experience with a robust, energetic communication style, Frank lectures from his sizeable repertoire of topics, typically of interest to those in the financial industry. Whether leading a basic training on bankruptcy or teaching a seminar on hot compliance issues, Frank has a flair for presenting technical material in an entertaining way sending his audience away with useful tips and practical resources.

Frank has taught classes on bankruptcy and commercial law for the Indiana Bankers Association at Butler University, the National Association of State-Chartered Credit Union Supervisors and various states’ Credit Union Leagues. He also served as speaker for several student loan lending agencies, credit unions, and state and local bar associations. Additionally, he has held compliance seminars for his clients to update them on the ever-changing creditors’ laws.

Frank has worked with credit unions, banking and financial institutions, consumer and com- mercial lenders, and student loan agencies to enforce contracts, minimize losses, and fight fraud. As federal regulatory compliance has become increasingly complex, he also assists lenders with difficult compliance issues.

Frank earned his B.A. from University of North Carolina at Chapel Hill in 1975 and his JD from the same institution in 1978. He is certified as a Bank Secrecy Act Compliance Specialist by the Credit Union National Association (CUNA) and is involved in the National Association of State- Chartered Credit Union Supervisors. Frank was first admitted to practice law in Kentucky in 1978. Since then he has been admitted to practice in North Carolina and West Virginia. 

Date 11/12/2014 9:00 AM to 4:00 PM
Utah Credit Union Association
1805 South Redwood Road Suite 200
Salt Lake City, UT 84104
(801) 972-3400

Registration is currently not open for this event.