Course description
Corporate Recordkeeping Techniques for Paralegals
Prevent uncorrected or uncorrectable mistakes that result in SBA denying or reducing its guaranty. Things happen, and without corrective action recovery is not always guaranteed under the SBA 7(a) loan guaranty program. Recognition of this fact is the first step toward recovery because it requires you to be on watch and do it right. This topic discusses what has happened and ways to correct the unavoidable. If you have any role in making, servicing, or recovering SBA 7(a) loans, this content is for you. Protecting the SBA loan guaranty is crucial. Uncorrected or uncorrectable mistakes result in SBA denying or reducing its guaranty. You must protect yourself at every stage and this topic will tell you how.
Learning Objectives
Do you work at this company and want to update this page?
Is there out-of-date information about your company or courses published here? Fill out this form to get in touch with us.
Who should attend?
Training content
- What to Do When the Rejection Letter Comes (When a Guaranty Is Not a Guaranty)
- The 7(a) Guaranty Is a Term of Art and Not a Guaranty in the Traditional SenseDetermining If the 7(a) Guaranty Purchase Is Being Denied or If a Repair Is Being Sought
- The Difference in a Denial vs. a Repair
- Reasons for Repair or DenialServicing Issues That Get You Into Trouble and How to Avoid Them
- Liquidation Deficiency Issues
- Site Visit Report Requirements
- Undocumented Servicing Actions Issues
- The MatrixThe 7(a) Guaranty Recovery Process (How to Turn a Denial Into a Repair)
- When to Request Purchase
- How to Request Liquidation Transfer Status (Liquidation Plan)
- How to Request Purchase (Sending Electronic Files to SBA)
- The SBA Mandatory 10 Tab
- SBA Charge off Procedures Summary and Suggested Wrap-up Report
- Referral to the U.S. Treasury Offset ProgramHow Do Secondary Market Issues Affect the Process
- Are You Required to Purchase the Loan Back From the Secondary Market
- If so, When Can You Do It, and When Must You Do It
- What Happens If You Do Not Purchase Loan Back From Secondary Market
Costs
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...