- Understanding Real Estate Appraisals, Collateral Evaluations and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA)
- Business Asset Loans and Security Agreements
- Article 9 of the Uniform Commercial Code (UCC) – what is covered; what is not
- Preparation and filing of Financing Statements
- Importance of UCC searches
- Legal Entities, Signatures & Borrowing Resolutions
- Title Insurance vs. Title Opinions; discussion of vested titleholders, title exceptions and their impact on the lender
- Real Estate Loan Documentation
- Understanding Guaranty Agreements
- Properly Documenting:
- Motor Vehicle Loans
- Assignment of Deposit Accounts
- Assignments of Stocks & Mutual Funds
- Assignments of Life Insurance
- Mobile Home Loans
- Aircraft Loans
Compliance begins the moment a loan officer introduces himself/herself to a potential applicant and depending on their response to the consumer, the mire of regulatory compliance requirements, restrictions and accountabilities begin. Compliance is intertwined throughout the loan process. This seminar focuses on:
- Inquiry vs. Application,
- Do’s and Don’ts in the application and underwriting process,
Fair lending responsibilities,
- Basic compliance requirements of predominant federal regulations such as ECOA, HMDA, Flood, RESPA, CIP and a host of others!
This program is designed for personnel with loan documentation preparation responsibilities, experienced loan officers who desire a review or update, credit department personnel, loan review personnel and new loan officers.
Loren P. Pessolano is an associate with Credit Risk Management, LLC. Credit Risk Management, LLC provides consulting, educational and comprehensive credit related services. They provide services to banks, thrifts, regulatory agencies, and other financial organizations throughout the southeast.
Registration fee is $225 for ABA members and $450 for nonmembers. Fees include instruction, materials, refreshments and lunch. Registration begins at 8:30 a.m.
Full registration fees will be refunded if a cancellation is received on or before ten days prior to the program. If date of cancellation is less than ten business days prior to the program, a $100 processing fee will be retained. No refunds will be given the day of the program. Substitutions are welcome. All cancellations and substitutions must be received in writing.
Directions
Dress for the program is business casual. To ensure your comfort, please bring a jacket or sweater. If you need additional information, please contact The Alabama Bankers Association office.
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