Show:
UCC
Notes
Construction Loans
Commercial Real Estate
Loan Servicing
100
This document filed with the Secretary of State or locally is public notice of a creditor's lien on personal property
What is a financing statement (UCC1)
100
Signing a note creates this kind of liability
What is personal liability
100

This section of the CLA explains who can draw money

What is the Advance Authority

100

This is supplied by the Escrow company

What is a Title Commitment

100
I'm legally liable for cleanup of environmental problems on real estate, regardless of fault.
What is the property owner
200
When securing fixtures this must be included as part of the collateral description
What is a description of the real estate where located
200
This note has no repayment schedule
What is a Demand Note (Short Term Loan Note)
200

What section of the CLA has the real estate listed

What is Project Description

200

When a Residential property is purchased what additional paperwork needs to be filled out

What is a HMDA report

200
Someone witnessing a signature who may inquire about the identity of signer.
What is a Notary Public
300
Farm equipment held for sale by a dealer is called this.
What is Inventory
300
This note has a fixed repayment schedule and must be “called” before foreclosure.
What is an Installment Note
300

What is added to the CLA in the Additional Requirements section

What are the Construction Loan Management requirements

300

This is listed as to who owns the property in the Title Commitment

What is the Vesting

300
Foreclosure sale proceeds are distributed in this order of priority.
What is lien priority
400
File this in 5 years or up to 6 months sooner.
What is UCC3 / Continuation Statement
400

This section of a Drawdown Note explains how the Bank will calculate the Index.

What is a Variable Interest Rate?

400

Requirements that the Borrower must supply

What are Covenants

400
This contract makes the signer liable to pay a loan if Borrower does not.
What is a Guaranty / Continuing Guaranty.
400

These Wires are sent out monthly to other Banks

What are Participation Payments

500

UCC name for a borrower who is the owner of the security or collateral being pledged.

What is Debtor

500
How many future advances are allowed under a single note.
What is unlimited.
500

When the Draw Period is extended what needs to be added to the CIT language

What is the Change Construction of the Project language

500

To cross-collateralize a current Real Estate loan with a new Commercial you must do this

What is Note Padding the cross-collateralization on both loans

500

This kind of loan needs to be re-amortized yearly if a Principal Payment is made

What are SBA loans