Credit Union Business Loan Workout and Collection
CREDIT UNION BUSINESS LOAN WORKOUT AND COLLECTION
Douglas L. Burgess and Stuart Greenberg presented a seminar at the Maryland District of Columbia Credit Union Association (MDDCCUA) focused on loan administration of the business loan after it has been booked. The agenda was as follows:
Schedule: 9 am. Notice Letters to Borrowers and Guarantors; Workout Agreements, Forbearance, Short Sale Agreements; Deeds in Lieu of Foreclosure
10 am. Confessed Judgment Suits, Foreclosures, Bankruptcies, Lift Stays
11 am Sample MBL Loan Post Closing Scenarios discussed by Panel and Audience from the perspective of the Lender, Borrower, Guarantor and the Lender’s Counsel and Accountant.
Each participant left with a handout of materials and an exhaustive appendix of forms and checklists.