Loan Documentation: The Top 25 Questions
Loan documentation errors can cause your bank to face unnecessary losses and waste your banks most precious asset – time. Get your remedies and answers here.
This new webinar series draws upon the instructor’s 30 plus years of teaching loan documentation in over 38 states and via webinars. Frequent questions in seminars and post-seminar questions are the source of topics to be presented, discussed and, hopefully, confirmed.
Experienced bankers will benefit from confirmation of knowing “the right thing to do.” New lenders will learn to avoid the most frequent exceptions and loss-causing mistakes. All types of collateral are covered, except real estate. Participants will receive a complete handout that can be used immediately to improve your bank’s loan documentation practice.
- Why must we become perfected?
- Why is a second lien considered a lame lien position?
- How can I make certain I have a first lien?
- Why is a blanket (aka floating) lien always preferred?
- How can I make a loan to a customer who has already granted a first lien (blanket lien) to another lender?
- What is the critical first question to be answered when getting ready to prepare effective loan docs?
- Is inventory good collateral?
- How do I make certain the description of collateral is sufficient?
- How important is having the correct legal name on all of the docs?
- Where does the bank file UCCs?
- What is an amendment?
- How do we use a UCC-3 for amendments, assignments and terminations?
- Can I file a UCC-3 to subordinate a lien to another lender?
- What is the purpose and key doc issues of a guaranty?
- Is a Purchase Money Security Interest a good thing?
- What docs are needed to support a loan to entities (not people) such as corporations, LLCs, etc?, and more
Anyone involved in loan documentation including loan officers, loan assistants and secretaries, loan operations personnel, credit analysts and loan administration personnel.
Bob Ullom, R.V. Ullom & Company, has been teaching loan documentation to bankers in over 38 states since 1976. His direct and often humorous teaching style encourages questions and provides answers.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs. CLBB/CRCM
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
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