Calendar of Events

Loan Documentation: Top 10 Mistakes and How to Avoid Them

02/07/2018, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Loan Documentation: Top 10 Mistakes and How to Avoid Them

Presented by Robin Russell
Wednesday, February 7th, 2018
1:30 pm - 3:30 pm CT


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
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