Understanding Commercial Loan Documents

This webinar was developed by a lawyer who has been teaching loan documentation for more than 25 years. Taught at a basic level (for bankers, not lawyers), the instructor will lead participants through all sections of the various required loan documents. The purpose is to create a deeper understanding of why certain documents are required plus the significance of various sections and verbose language (often referred to as "boilerplate"). Being able to explain document content will add much to customer relationships.

Covered Topics:

  • Promissory Note: The note is enforceable against the borrower! Review of each section for content, purpose, rights of all parties and scope of language
  • Security Agreement: The security agreement is enforceable against collateral. Review of each section for content, purpose, rights of all parties, representations and warrantees, plus enforceability
  • UCC-1: The instructions (on back of form) contain important information on how to correctly prepare this critically important form. Correct or exact legal names, organization types and collateral description language are key issues
  • Guaranty: A guarantor gives up many rights and grants the bank many rights. Bankers need to understand the distinction between an individual guarantor and a business entity guarantor and the details of what the guarantor is agreeing to do

Who Should Attend?

Lenders, loan assistants, loan operations personnel, credit analysts and personnel involved in loan review, internal audit and compliance.


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   OnDemand Recording Only - $295   
   CD-ROM and Hardcopy Handouts - $345