Legal Essentials For Lenders

Course Summary:

This program covers important legal issues and concepts which must be understood and consistently applied to avoid litigation and better serve customers.

Course Details:

This program covers important legal issues and concepts which must be understood and consistently applied to enforce the Bank's liens and other legal rights, avoid litigation and better serve customers. The goal is to provide an opportunity to learn or confirm your understanding of a variety of legal issues lending personnel deal with daily.What You'll Learn:

• Loan Documents as Contracts
  
• Purpose and Structure of Loan Agreements, Security Agreements, Borrowing Base Certificates and Other Loan Documents
  
• The rules of Offset/Setoff
  
• Course of Dealing: Defaults and Waivers
  
• Priority of Liens and Payment
  
• Due Authorization: Legal Entities & Signature Requirements
  
• UCC Filings: Best Practices and Common Errors
  
• Guaranties: Requirements, Rights and Risks
  
• How Your Rights Change in Bankruptcy: Special Issues for Banks
  
• Care and Keeping of Collateral in the Possession of the Bank
  
• Avoiding Conduct that Leads to Litigation