The purpose of this session is to provide participants with a good understanding of the loan documentation process for Consumer and Commercial Loans. Participants will be exposed to the five steps in the loan documentation process and the documents required to accomplish each step in the process. The Loan Documentation Process includes identifying documents to:

1. Identify the Legal Status of Consumers and the Various Forms of Commercial Borrowers
2. Identify and Properly Place Assets Taken as Collateral into the Proper Collateral Category and Obtaining a Proper Valuation of the Collateral
3. Evidence the Debt to Detail the Mutual Understanding of the Loan Arrangement Between the Bank and the Borrower
4. Attach the Collateral Which Allows a Lending Institution to Seize, Foreclose Upon  and Sell the Collateral for Repayment of the Loan
5. Perfect the Security Interest to Insure the Bank’s Collateral Position is Superior to Other Creditors

Each of the five steps requires certain documents to accomplish their respective purpose.  The participant will develop an understanding of each of these documents and know when to use them.