Commercial Loan Documentation: Developing a Thorough Checklist
Checklists are designed to oversee projects and ensure nothing important is overlooked during execution. Developing a comprehensive checklist for commercial loans is especially important because each one is unique. This informative webinar will walk you through the related compliance requirements, explain a sample commercial loan checklist, address documentation, and more. Join us to learn more about building this highly valuable tool.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify parties to the loan
- Ensure you know who owns, guarantees, and is authorized or required to sign loan documentation
- Establish when GMI and HMDA data must be gathered
- Determine if a proper flood zone notice was provided and appropriate flood insurance is in place
- Review appraisal requirements
- Understand loan agreement covenants
- Document perfection of security interest under UCC Article 9 and other rules
- Understand E-SIGN requirements for documenting consumer consent of electronic disclosure delivery
- Use provided checklists to verify loan file documentation
WEBINAR DETAILS
Commercial loans often don’t follow the “normal” pattern. Each one is unique. These loans carry the most risk, the most technical requirements, and therefore receive the most scrutiny from examiners. This session will detail the compliance requirements and provide a better understanding of protections and safeguards that are needed when drafting your loan. It will review a sample commercial loan file checklist and go through the documentation required for a commercial loan, including collateral security documents.
WHO SHOULD ATTEND?
This informative session is designed for commercial lenders, loan operations staff, loan review staff, compliance officers, and auditors.
