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CMA Webinar – Making Business Purpose Loans: Five Critical Concepts
October 15, 2024 @ 11:00 am - 12:15 pm
Non-Member Payment Link:
1.15 General MCLE
The business purpose loan: If the borrower sticks to their story, that is was for a business purpose, – all good. If they don’t, not good. Laws, regs, and lawsuits “kick in” if/when they claim it was “consumer purpose.”
What can you do? How do you arrange or make loans, to “be on the right side? Does that sworn “business purpose affidavit” cover everything? Maybe not.
We’ll help. “Practical” and “how to,” you’ll get steps to consider in setting policies, screening loans, documenting, and closing, and staying on the right side of the laws/regs/requirements.
Each presenter brings a useful perspective: Robert, CMA General Counsel, is highly specialized in private money and Joffrey is a private money lender/broker who has served as an expert witness in cases about business purpose loans.
Moderated by:
Joffrey Long, President | Southwest Bancorp
Presented By:
Robert Finlay, Esq., Senior Partner | Wright, Finlay & Zak