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Top Ten Loan Documentation Mistakes and How to Avoid Them

Learn the "right thing to do" and avoid frequent exceptions and mistakes.

OnDemand
Recorded Tuesday,
February 1st, 2022
Presented by Robin Russell
2h total length
2.5 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Lending
  • Credit Analyst
  • Loan Closer
  • Loan Operations Manager/Specialist

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This webinar draws upon the speaker’s 25 plus years of teaching loan documentation and practicing law. Experienced bankers will benefit from confirmation of knowing "the right thing to do." New lenders will learn to avoid the most frequent exceptions and loss-causing mistakes.

The focus is on commercial asset-based lending rather than real estate or consumer. All types of collateral are covered.

Top 10 Mistakes Discussed

  • Misclassification of collateral and bad collateral descriptions
  • Filing the perfection document in the wrong location
  • Using the wrong borrower/debtor name
  • Not obtaining the proper authorization documentation
  • Improper assessment of lien position
  • Failing to amend your UCC-1
  • Failing to continue or terminate your UCC-1
  • Leaving items to post closing or making exceptions
  • Failing to properly monitor your borrower’s post closing documentation obligations
  • Inadvertently waiving rights

Who should attend

Anyone involved in loan documentation including loan officers, loan assistants and secretaries, loan operations personnel, credit analysts and loan administration personnel.


Robin Russell

Instructor Bio

Robin Russell has practiced law for 30 years and is licensed in Texas, New York, and Massachusetts. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions. She has represented corporate debtors, independent directors, liquidating trustees, bondholders, unsecured creditors' committees, bank groups, private equity funds, landlords, trade creditors, and bidders for estate assets in Chapter 11 and Chapter 7 bankruptcy proceedings. She has also represented banks, institutional lenders, and corporate borrowers in commercial loan transactions and debt restructurings.

Robin is the principal author of Thomson Reuters' Texas Practice Guides for both Creditors' Rights and Financial Transactions and the Texas Bankers Association's Texas Secured Lending Guide, Texas Problem Loan Guide, Texas Real Estate Lending Guide, and Texas Account Documentation Guide. She is a frequent speaker on banking, bankruptcy, and financial restructuring-related topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in Banking Law from Boston University and her J.D. from Baylor University where she was Editor-in-Chief of the Baylor Law Review and the highest-ranking graduate in her class. She clerked for the Texas Supreme Court before beginning her legal career.


Credit Information

Recommended for 2.5 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.