The Equipment Dealers Association (EDA) excited to announce a free webinar for members, called Dealer Beware: Managing UCC Risks to Limit Chargebacks When Customers Don’t Pay. This webinar will be hosted by Lance Formwalt, shareholder in the Equipment Dealer Group at Kansas City-based Seigfreid Bingham.
Dealers are often actively engaged in the process of providing financing options for their customers. Although many customer financing options are labeled as “non-recourse” to the dealer, dealers are often surprised when a retail finance lender assesses a chargeback down the road after a customer can’t pay the lender. Unfortunately, this situation happens fairly frequently and tends to increase when customers are facing tough economic times. In these circumstances, dealer exposure is often the result of not following the correct procedures to help ensure that a UCC financing statement is filed to give the lender a first priority security interest in the financed equipment.
Register here for this timely webinar to hear Lance explain these issues and educate us on steps dealers can take to help reduce risk on future transactions. There will be time for Q&A following the presentation.
Lessiter Media editors visited RhinoAG in Gibson City, IL to get a behind-the-scenes glimpse at the production processes and attention to detail that have contributed to their longevity as they celebrate their 90th anniversary in 2024.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.