Each module may be
purchased individually at $99.00, or you may purchase All Four at a Discounted
Bundle Price of $299.00. To enroll in
one module at a time, click on “Add To Cart” next to each; or if you would like
to take advantage of the discounted bundle price of $299.00 for all four
modules, click on
All Four Modules - #SP6630 ($299.00) – ADD TO CART
If you would prefer to
print and fax your register to CFTWS, simply download our
Marketing Flier,
complete and fax back to 303-629-1591.
Module 1- #SP6631 ($99.00) – ADD TO CART
Avoiding Costly Legal Entity Errors: How to Correctly Identify and
Document Legal Entities for New Loans in Texas
The borrower’s character
is one of the two most critical factors in reducing lending risk. When assessing the borrower’s
character, the lender must first identify the type of legal entity of the
borrower and obtain documentation supporting the borrower’s legal existence. It is critical for a lender to
know with which legal entity it is dealing, the entity’s legal name, and who is
authorized to sign for the entity. If the legal entity is not
properly identified, the financial institution's security interest can be at risk.
Upon completion of this
course you should be able to:
- Describe the defining
characteristics of each type of legal entity.
- Describe the documents
required for proof of each legal identity.
- Identify who must sign loan
documents for each type of legal entity.
Module 2-
#SP6632 ($99.00) – ADD TO CART
Avoiding Costly Loan
Collateral Errors: How to
Classify Loan Collateral as Defined in the Texas Uniform Commercial Code
The second most critical factor in reducing lending risk is the
collateral pledged for the loan. If the borrower’s willingness to
repay the loan (character) changes over time, the lender needs to be able to
pursue another avenue to satisfy the debt. Collateral securing the loan
represents this other avenue.
This course focuses on properly classifying loan collateral so
that the lender’s security interest in the collateral is protected. Upon completion of this course
you should be able to:
- Describe the
legal definition for each type of collateral as defined in the Uniform
Commercial Code (UCC).
Module 3 – #SP6633 ($99.00) – ADD TO CART
Requirements for Attaching a Security Interest: How to Create and Maintain a Lien
in Texas
While a lender usually doesn't want to seize collateral, it's the
next to last recourse for repayment if the borrower can't or won't repay the
loan. The last
recourse is collection through judgment. To pursue either of these avenues
of recourse, the lender must have a valid claim to the collateral. The lender’s claim must be
supported by attaching a security interest to the collateral.
Upon completion of this course, you should be able to:
- Create and
maintain a security interest in collateral for a loan.
Module 4 - #SP6634 ($99.00) – ADD TO CART
Avoiding Costly Errors in Perfecting a Lien: How to Perfect a Lien in Texas and Determine
Priority of Competing Interests
In addition to attaching a security interest to the collateral,
the lender must perfect the lien. It is also important for the
lender to understand the priority of competing interests in collateral, because
if another perfected creditor lays claim to the collateral, the lender's
security interest is at risk.
Upon completion of this course, you should be able to:
- Perfect a security interest
in collateral for a loan.
- Determine the priority of competing interests in collateral.