Loan Documentation for All Legal Entities

Proper loan documentation is essential to the lender’s ability to enforce the loan against the borrower (and guarantor) and to pursue collection against the collateral. This webinar will provide a thorough understanding of each type of loan document and when that document should be used. It will take the mystery out of the “legalese” in loan documents and explain which wording is absolutely required for its legal effectiveness and which is simply “boilerplate.” Also, this webinar will explain every type of legal entity, including a corporation, general partnership, limited partnership, limited liability company, unincorporated association, sole proprietorship, living trust, and business trust. Join us to learn the legal entity documents your institution should review to confirm:

1. The entity currently exists and is in good standing
2. The entity has the actual legal authority to enter into the loan and to pledge its assets
3. The person who is properly authorized to sign the loan documents on behalf of the legal entity

• Sample loan documentation checklist (list of loan documents and other items necessary to close a loan)
• Employee training log
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.