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Today is: September 27, 2021  
 

 

Upcoming BCG Webinars

BCG Webinars are an optional resource offered once a month via the internet. Topics include Levies and Executions, New Accounts Documentation, Flood Insurance Regulations, and Doing Business with Family Trusts. Additional Webinars will be posted below as their respective dates approach. To view descriptions of past Webinars, click here or contact us if you have additional questions.

Upcoming BCG Webinars        

   

 

Documenting Your Borrowers

Monday, September 20, 2021

10:00 - 12:00 p.m.

With all the different types of business entities, lenders have challenges in properly identifying their borrowers and understanding their legal structures. Customer Identification Program (CIP) requirements and the Beneficial Ownership Rule impose specific regulatory requirements for identifying borrowers. Failure to properly identify a borrower may not only impair the lender’s security interest and put the collectability of the entire loan at risk due to UCC Article 9’s requirements, but could also result in a compliance violation.

This Webinar will address these issues in a “workshop” format, providing checklists for the types of documents that can be obtained from various types of business entities.

 
 
 
 
 
 
 

 

 

 

Flood Insurance Regulations: Deep Dive into The Basics

Friday, September 24, 2021

10:00 - 12:00 p.m.

What lenders most commonly trip on (and examiners’ impose civil money penalties for) are the flood insurance regulations’ basics. During this two-hour Webinar, we will do a deep dive into those basics, as well as discuss the most-pressing issues in connection with the mandatory purchase requirements (including contents coverage) and private flood insurance. It’ll be a Webinar mortgage and commercial real estate lenders shouldn’t miss!

 
 
 
 
 
 
 

 

 

 

Letters of Credit Revisited

Thursday, October 21, 2021

10:00 - 12:00 p.m.

Globalization of commerce and increased trade has resulted in an increase in the need for standby and commercial letters of credit. The COVID-19 virus and other recent world events have also increased the likelihood that demands on letters of credit may be made, which in turn puts renewed focus on issues related to issuing letters of credit and negotiating letters of credit. Aldrich & Bonnefin is pleased to invite you, your commercial lending staff and your international banking personnel to attend our Webinar on Letters of Credit. In this Webinar, we will start with a basic discussion about letters of credit and the rules that govern letters of credit, followed by a more focused discussion on regulatory issues and document examination issues relating to standby and commercial letters of credit.

 

 
 
 
 
 
 
 

 

 

Insider and Affiliate Transactions

Tuesday, November 9, 2021

10:00 - 12:00 p.m.

This Webinar will provide a comprehensive discussion of the rules under Regulations O and W and other laws governing loans to executive officers, directors, and principal shareholders of financial institutions and their related interests, as well as affiliate transactions.

  • The program will cover the following topics:
  • The parties covered by the rules
  • Extensions of credit defined
  • General prohibitions, including:
    • Terms and creditworthiness
    • Prior approval
    • Special lending limits
    • Loans to insiders of affiliates
    • Overdrafts of insiders
  • Loans to credit union officials
  • Additional restrictions on loans to executive officers
  • Transactions with affiliates

We will also discuss related issues regarding the indebtedness of executive officers and directors of registered companies, such as bank holding companies. Additionally, we will address restrictions on loans to federal and state credit union officials and senior management. Don’t miss this important discussion of a hot topic in regulatory exams!

 
 
 
 
 
 
 

 

 

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