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
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
Janice E. Garlitz is a Designated Attorney with 19 years of experience creating, updating and teaching the 504 Loan Closing and 504 Loan Closing Update Courses. She serves as Closing Counsel for multiple CDCs and has 27 years of experience closing 504 and 7(a) SBA loans as well as 24 years of experience teaching adult legal education courses.