Successor in Interest – Protection that Most Banks Ignore - S20

Course Length
90 mins

Bill Elliott


Upcoming Sessions


Presenter:  Bill Elliott, Young & Associates

This 90-minute program will be presented live on: August 24, 2:00-3:30 p.m. Central Time
Recording available through: November 24, 2020
Price: $275


Recent headlines have indicated that the millennial generation will soon be receiving a transfer of wealth that will dwarf previous generational transfers. Of course, not all transfers of wealth involve death – sometimes the transfer is the result of other legal issues, such as divorce. The reality is that however the transfer of assets happens, some of the assets will come complete with debt. The Successor in Interest rule is designed to allow bankers to safely deal with the issues surrounding transfers of assets that have debt attached, and avoid all privacy issues and similar risks.  

This webinar will address:

  • Who is a Successor in Interest?
  • What steps are necessary to establish Successor in Interest?
  • How can bankers use this rule to limit privacy and other risks for the bank

Target Audience: This program addresses the concept of Successor in Interest, which is a lending issue. It is designed for senior management, and those individual that manage the loan servicing process

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