Telephone – Webcast – Audio/Visual CD Rom

Environmental Issues in Lending

Tuesday, January 8, 2008

12:00 – 1:30 PM Pacific Time

1:00 – 2:30 PM Mountain Time

2:00 – 3:30 PM Central Time

3:00 – 4:30 PM Eastern Time

Lenders traditionally have taken steps to ensure that real property offered as collateral is not affected by the presence of hazardous materials.  Environmental risks must be identified prior to funding of the loan, and environmental risks must be re-examined prior to foreclosing on the real property.  In November 2006, the EPA adopted new regulations that require buyers of real property to show that the buyer made “all appropriate inquiries” with respect to the environmental condition of the real property.  This requires more than just a Phase I audit.  Although EPA regulations generally exempt the lender from cleanup costs, can the borrower afford to pay for the cleanup costs?  And, if the loan goes into default, will the lender want to take ownership of the real property?  The FDIC recently issued Guidelines for Environmental Risk Program to address these new EPA regulations.

HIGHLIGHTS

•Overview of EPA’s new regulations regarding “all appropriate inquiries” and how these new regulations affect your institution

•Overview of the FDIC’s Guidelines for Environmental Risk Program and how these guidelines can assist your institution

•Policies and procedures for identifying and monitoring risks of environmental hazards

•Ways to protect your institution from liability for environmental hazards

WHY SHOULD YOU PARTICIPATE?

This session is a cost-effective way to learn about the environmental risks involved in lending and the ways to protect your institution from such risks.  You may train as many individuals as you like for one set price.  There will be no travel costs, time lost from work and no one will be required to leave the institution.

WHO SHOULD ATTEND?

This informative session is designed for loan officers, loan operations personnel, loan policy makers, attorneys, compliance officers and others involved with environmental issues in lending.

ABOUT THE PRESENTER – Elizabeth Fast, J.D. & C.P.A.

Elizabeth Fast, Esq. is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions.  Elizabeth heads up the firm’s training division known as Bankers Choice.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has her Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was the General Counsel, Senior Vice President and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory and compliance functions.  She is a member of the Missouri State Banking Board, appointed by the Governor.

WHAT IS A TELEPHONE/WEBCAST SEMINAR?

This training method allows unlimited listeners on your office speaker phone.  By choosing the webcast option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be one hour and fifteen minutes in length with an additional fifteen minutes for questions and answers.  Seminar materials will be sent prior to the broadcast along with hook up instructions. Your pin number, hookup instructions and handouts can be emailed to you or sent U.S. Mail.  If you would like them emailed you will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.

CAN’T ATTEND THE SCHEDULED TRAINING?  SCHEDULE YOUR OWN TRAINING SESSION!  

ORDER THE AUDIO/VISUAL CD ROM*.

The CD Rom is complete with the audio track and visual presentation from the original webcast, question & answer sessions, plus participant handouts.   You will also have the ability to contact the presenter with follow-up questions. With this CD, you will have an “off-the-shelf” training program for your review, for use by those who were not able to attend the live seminar or for future training purposes. Affordable, professional training, when and where you choose!

*CD Rom for PC use only