Description
Commercial loans often don’t always 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. In this session we will detail the compliance requirements you need to know and provide a better understanding of protections and safeguards you need to put in place when drafting your loan. We will review a sample commercial loan file checklist and go through the documentation needed for a commercial loan, including collateral security documents.
Learning Objectives:
- Identify parties to the loan. Making sure you know who owns, guarantees, and is authorized or required to sign loan documentation
- Establish when GMI and HMDA data are required to be gathered
- Determine if 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
Who Should Attend:
This jam-packed session is designed for commercial lenders, loan operations staff, loan review staff, compliance officers and auditors.
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
