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Today is: October 9, 2015  

Compliance CompanionSM
Standard Procedures Manuals (SPM)

Commercial Lending July 2015

This Manual discusses the issues facing California lenders in making commercial loans secured by personal property, including due diligence requirements, structuring issues, and documentation requirements. It covers both secured and unsecured commercial loans, with an emphasis on methods of creating and perfecting a security interest in a broad range of collateral under Division 9 of the California Uniform Commercial Code. In addition this Manual includes a discussion of the California Secretary of State’s online UCC Connect service.

SPM #3 also covers a variety of other commercial lending issues, including:

  • Financing special types of collateral – such as aircraft, preferred ship mortgages and intellectual property
  • SBA loans
  • Lending to nontraditional borrowers
  • Guaranties
  • Federal and state forfeiture laws
  • Insurance – what risks to insure, what kind of insurance to require and how much coverage to require

The text of the Manual is 560 pages, plus 23 pages of appendices.


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