CEUs Awarded: 0.2
This course offers participants an overview of the fundamental elements in the field of receivable management and the basic legal issues and requirements pertaining to them.
The instructor, Scott Blakeley, is a highly renowned attorney knowledgeable in issues related to credit and receivable management. His firm includes experienced colleagues whose practice focuses on creditor’s rights, bankruptcy, and corporate litigation.
This course consists of 3 video instructional sessions with a total runtime of approximately 2 hours, ideal for beginners in the field of receivable management as well as those who want to refresh or expand their knowledge of some of the fundamental legal aspects of credit management.
This course covers the following:
Session One – Credit Applications and Vendor Contracts:
- Why have a credit application & its importance to the credit department.
- The legal importance of the contract in binding customers to the terms of the credit agreement.
- A checklist to include in a credit application.
- The significance of the different types of businesses – what they mean to you.
- Terms and conditions to enhance getting payment according to credit terms.
- Electronic credit applications and the laws that affect their enforceability.
- The Red Flag policy – Federal Regulations.
- Protocol for disposing of credit applications of former customers.
- Confidentiality requirement of the information presented in credit applications.
- Ways to enhance credit applications through personal and corporate guarantees.
Session Two – Fair Credit Reporting Act and Equal Credit Opportunity Act:
- What are these credit-related laws; and what credit actions fall under their jurisdictions.
- Ways to comply with the acts – customer consents, consents on electronic platforms.
- Federal Trade Commission Red Flag Rules
- Ways in which a credit department can document or authorize consents for credit information requests.
Session Three – Federal & State Antitrust Laws:
- Sherman Antitrust Act
- Clayton Act
- Robinson-Patman Act
- Pre-sale investigations
- Denying credit
- Credit term changes
- Terminating credit
- Right to collect under customer default
This is an On-Demand Course, allowing students to work independently and at their own pace to accommodate the time demands of busy professionals. Upon concluding the presentation/course material, the participant is required to take a final exam. Those who receive a grade of 70% or higher will receive an electronic “Certificate of Professional Development” from the Credit Research Foundation.
Registration Fees - $175CRF Members receive a 20% discount on the course registration fee. Please contact Angela McDonald to obtain the code to enter at checkout. To register, CLICK HERE or cut and paste this link: http://crf.digitalchalk.com If this is the first time you are registering for a CRF On-Demand Course, please create a new account. Click on the “Catalog” tab and make your course selection.
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