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Today is: May 29, 2016  
 

Compliance CompanionSM
Standard Procedures Manuals (SPM)
 

Commercial Lending April 2016


Our Commercial Lending 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 types under Division 9 of the California Uniform Commercial Code. In addition the Manual includes a discussion of the California Secretary of State’s online UCC Connect service.

SPM #3 covers an extensive variety of commercial lending issues, including:

  • Attachment and perfection of a security interest under the UCC
  • Financing special types of collateral – such as aircraft, preferred ship mortgages, intellectual property and insurance policies
  • Regulatory issues affecting commercial loans – including lending limits, credit union member business loans, ECOA, Regulation U (loans secured by margin stock) and HMDA/Regulation C for the commercial lender
  • Bankruptcy issues affecting the loan structure
  • Loan documentation – including promissory note, loan agreement, financing statements, intercreditor agreements and more
  • SBA loans
  • Lending to nontraditional borrowers – such as Native American tribes, homeowners associations and municipalities and other local government units
  • Purchasing and selling commercial loans
  • 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 584 pages, plus 23 pages of appendices.


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For information regarding Compliance CompanionSM subscriptions or to order a hard copy of this Manual, please contact info@bankerscompliancegroup.com or call 949-553-0909.  The cost of this Manual is:

BCG Members

Initial Copy              $500
Additional Copy       $100

Non-members

Initial Copy               $600
Additional Copy        $150

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SPM 2
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