7(a) Loan Closings: 2019 Update Course

This is a Partner Course. Lawline has teamed up with this faculty member to produce this premium CLE content. As such, this course is not included in subscription access and must be purchased separately.

In partnership with Janice E. Garlitz*, this program:

• Is accredited for Continuing Legal Education (CLE) credit in the states listed on this page

This program is useful for attorneys and 7(a) Lender Closing Staff who want the latest information on 7(a) Loan closings. The course covers all changes affecting 504 Loan closings since 2018 as well as advanced topics and tips in handling such closings.

Topics for 2019 include: 

• New Authorization Boilerplate - Version 2018

• Changes in SOP 50-10(5) Version (K)

• Change of Ownership prior to Final Disbursement

• Changes in Eligible and Ineligible Borrowers

• Changes in EPC/OC requirements including Passive EPC, Rent and Occupancy

• Evidence of Use of Loan Proceeds

• Title Insurance Policies and Arbitration

• Changes to Insurance Requirements 

• Changes to SBA's Environmental Policy

• Changes for IRS Tax Transcripts

• Changes for Appraisals

• Compensation Agreements (SBA Form 159)

• Franchise Agreements and Management Agreements

Learning Objectives:

1. The purpose of the 7(a) Loan Closing Update Course is to update attorneys and 7(a) Lender closing staff on recent changes to the 7(a) Loan Program and statutory, regulatory and legal developments that affect loan closings

Registrants: Please note that faculty Jan Garlitz will send any materials not attached to this course within two business days.

*This course and all 504 and 7(a) Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions