Credit Evaluation School - May 2023

Internal Use Only

Things to Consider • Different types of loan transactions • Primary & supporting loan documents • Documents necessary to attach, perfect, protect, & gain access to collateral in secured transactions • Who is authorized to sign on behalf of various types of businesses?

Internal Use Only

In this session we will: • Identify documents required for various types of commercial, real estate, consumer, & agricultural loans • Identify the purpose & effect of common loan documents, including promissory notes, credit reports, borrowing resolutions, articles of incorporation, appraisals/inspections, collateral filings, financial documents, & insurance • Security agreements, security interest in collateral, financing statements/UCCs, title commitment & title insurance • Review primary documents including documents within basic line sheets