Understanding Commercial Loan Documents 2024 | Michigan Bankers Association | 8 February 2024 | Webinar

Developed specifically for bankers, this program will help you gain a deeper understanding of why certain documents are required, and the significance of various sections and verbose language often referred to as "boilerplate". You’ll review each section of required loan documents with an expert instructor who has been teaching loan documentation for more than 25 years.

What You'll Learn
• 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 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 should 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 will find this course useful.

2024 Speaker

Robin Russell
Editor-in-Chief, Baylor Law Review