This is not the time to make mistakes in documenting loans. Any mistakes made now can come back to haunt your bank years later. This three-part webinar is a beginner's course to understanding commercial loan documentation. This seminar is for any beginning personnel who are involved in the commercial lending process.

Highlights

• Documentation requirements for commercial loans
• What tools are available to help you comply with the Uniform Commercial Code
• Little errors that can be made in the loan documentation process
• Collateral description requirements
• Who must sign the security agreement
• What is required for filing a financing statement (UCC1 or UCC3)
• When you should use a UCC Addendum Form
• When a filing officer can reject a secured party's UCC form
• Why you should file a UCC form before you agree to make a loan
• When doing a UCC search, when to search using the debtor's exact full legal name and when to broaden the search by only using part of the name
• When a filing lasts five years

This Webinar has three segments:

Segment 1 - Documentation Principles I - Name, Notes, and Guarantors

• Basic Legal Entities
  • Natural Persons (Individuals)
  • Non-Registered Organizations
  • Registered Organizations
• Notes and Guaranties
  • Primary Obligors
    • The "Four Corner" Rule
    • Liability
    • Accommodators
  • Secondary Obligors
    • Time in Collection
    • Advantages

Segment 2 - Documentation Principles II - Liens, Perfection, and Priority

• Lien vs. Perfection
  • Three Requirements for a Lien to Attach
  • Four Methods of Perfection
• How to Get and Keep Priority
  • Time in Collection
  • Advantages
• Filing Requirements
  • Name in a Filing
  • Collateral Description
  • Something must be signed to authorize a filing
  • How to Search

Segment 3 - The "What's" of Loan Documentation and Test

• Documents Needed for 24 Types of Collateral
  • Required Documents
  • Vital Documents
  • Optional Documents
  • Control (What Good is Perfection if it Doesn't Pay the Loan?)
• Test

Webinar Requirements

Requirements for Audio

• Speakerphone

Requirements for Optional Web Broadcast PowerPoint Presentation

• Broadband Internet Connection

Upcoming Programs (Click on date to see flyer)