Commercial Loan Documentation - NASBA CPE
- Speaker:Jeffery Johnson
- Product Code:GRC-90519
- NASBA CPE: 1.5
NASBA CPE Credits: 1.5
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Loan Documentation for commercial loans is a critical component in lending. After the decision to make a loan has been made, the next step is the documentation and closing process. This part of the lending process is essential in order to avoid loan losses due to poor documentation. Many community banks assign this important responsibility to Loan Officers and Loan Administrators. If not performed properly, poor documentation can cause loans to be adversely classified even if the underlying credit is sound or if the loan is performing as agreed.
The purpose of this workshop is to provide participants with a good understanding of the Commercial Loan Documentation process from approval to closing. Participants will be exposed to the five steps in the loan documentation process, which include
- Identifying the Borrower
- Identifying and Documenting the Collateral
- Evidencing the Debt
- Attaching the Collateral
- Perfecting the Security Interest
Each of the five steps requires certain documents to accomplish their respective purpose. The primary documents to be presented are as follows:
A. Documents to Evidence and to Support Borrowing
- Loan Application
- Financial Statements
- Credit Memorandum
- Typical business structures (Corporations, Limited Liability Companies)
- Notification Requirement
B. Documents to Establish Authority to Borrow
- Corporate and Partnership Resolutions
- Opinion Letters
- Certificates of Good Standing
- Articles of Incorporation
C. Documents to Evidence the Debt
- Promissory Note
- Loan Agreements
- Proposal Letters
- Commitment Letters
D. Documents to Attached and Support various types of collateral
- Security Agreement
- Deed to Secure Debt
- Hypothecation Agreement
- Guaranty Agreement
- Subordination Agreement
- Landlord’s Waiver
- Insurance Policies
E. Documents and Actions Required to Perfect the Security Interest
- Uniform Commercial Code Financing Statements
- Deed to Secure Debt
After completing this course the participant will:
- Recognize the documents required to complete the five steps in the documentation process
- Have a good working knowledge of the purpose of each document
- Be able to provide a broad overview of the loan documents’ provisions
- Know the rules of attaching collateral
- Know the rules of perfecting the security interest
Why should Attend:
This workshop is directed towards Loan Officers, Loan Operations Staff, Loan Administrators and anyone else involved in the lending process, including but not limited to:
- Commercial Loan Officers,
- Loan Operations Personnel,
- Consumer Loan Officers,
- Loan Documentation Personnel,
- Branch Managers ,
- Administrative Asst.
- Loan & Credit Officers,
- Senior Credit Officers,
- Senior Loan Officers ,
- Loan Review Personnel &Credit Analysts.
Group Internet Based | 1.5 (1 CPE for 50 minutes) | Banking - 1.5 CPE | Basic Level | No advance preparation
Jeffery Johnson’s banking career expands 36 years working for large, regional and community banks. He started his career with SunTrust National Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender for SouthTrust Bank (a large Southeastern Regional Bank) and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta (Community Bank).
Most of his career has been spent in Credit Administration, Lending (Commercial, Consumer and Real Estate), Business Development, Loan Review, Management and Training & Development. He has managed loan portfolios representing a cross section of loan types including: Large Corporate, High Net Worth Individuals, Middle Market Companies, Small Businesses, Real Estate and Non-Profit Organizations and managed several loan officers with portfolio management responsibilities.
Mr. Johnson is now a training professional in the banking industry by leading various seminars covering important topics relating to issues in banking. He teaches actively for twenty-two state banking associations and community banking associations in the United States, Risk Management Association (RMA) and individual banks nationwide. He co-authored a training course entitled “Lending to Service and Other Professional Organizations” for RMA in 2001.
He led a week long Consumer Lending school for UNI Strategic in Singapore where bankers from Malaysia, Indonesia and Singapore were in attendance and is scheduled to present the same program in Kuala, Lumpur in November 2012. He was also invited to lead a week long Advanced Commercial Lending & Commercial Loan Documentation in Dubai (United Arabs Emirates) hosted by IIR Middle East, a firm specializing in international conferences and seminars.
In order to stay abreast of issues facing banks, Mr. Johnson engages in Loan Reviews for his client banks. During an engagement, he reviews loans of all sizes to determine creditworthiness; compliance with banking rules and regulations; compliance with the bank’s internal credit policy; accuracy of the loan grade; completeness of the documentation file and other aspects such as portfolio trends, performance and capital adequacy.
Mr. Johnson earned a B.A. Degree in Accounting from Morehouse College in Atlanta, GA; a MBA in Finance from John Carroll University in Cleveland, Ohio; Diploma of Graduation from the Prochnow School of Banking at the University of Wisconsin-Madison and a Graduate Certificate in Bank Management from the First American Management Institute at the University of Pennsylvania’s Wharton School of Business.