Calendar of Events

  • FDIC/MBA Directors Training

    Mar 22nd, 2018
    8:30am - 3:00pm
    FDIC/MBA Directors Training
    March 22, 2018
    8:30am - 3:00pm
    The Westin Downtown • 407 Congress Street • Jackson, MS

    DOWNLOAD a registration form here

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  • Right of Setoff

    Mar 22nd, 2018
    10:00am - Noon
    Right of Setoff

    Presented by Terri D. Thomas
    Thursday, March 22nd, 2018
    10:00 am - 12:00 pm CT

    Covered Topics

    • What are the legal requirements to create a "right of setoff?"
    • What is the difference between a contractual right of setoff and a statutory right of setoff?
    • What are the differences between setoff, garnishment, and foreclosure of security interest, and why are these terms frequently misused?
    • What happens when a third party is competing with your financial institution's right of setoff?
    • How does the automatic stay in bankruptcy affect the right of setoff?
    • When is the right of setoff absolutely prohibited?
    • How to handle notice to the customer?
    • What is sample contractual language that can help your financial institution exercise its setoff rights?
    • What are the liabilities that can be incurred when setoff is done incorrectly?
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