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WEBExpress: Common Servicing Actions That Don’t Involve Collateral
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WEBExpress: Common Servicing Actions That Don’t Involve Collateral

When: August 8, 2019
Noon - 1:30 pm CENTRAL TIME
Access instructions provided via email 24 hours prior to event
United States
Contact: NAGGL

Online registration is closed.
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August 8

WEBExpress: Common Servicing Actions That Don’t Involve Collateral

Fee (per location connection): $355 Mbr; $535 Non-Mbr; $285 Govt
Registration Deadline: 
August 6
Instructor: Mike Shepherd (JPMorgan Chase)

When an SBA 7(a) loan is fully funded, what happens when the borrower wants to make some type of change, such as to the ownership structure of the company, to life insurance coverage, to the interest rate, or, to pay down a loan on standby? While these servicing actions don’t impact the loan’s collateral, they still require a lender carefully consider and document a servicing action. Join Mike Shepherd (JPMorgan Chase) as he uses the SOP 50 57 2 requirements to walk through some common servicing actions that don’t involve collateral and discusses what a responsible 7(a) lender must do to protect the SBA guaranty. (Don’t miss the companion session on August 22 that covers servicing actions that do involve collateral.)

LIVE Presentation Runs: 1:00-2:30 pm Eastern | Noon-1:30 pm Central | 11:00 am-12:30 pm Mountain | 10:00-11:30 am Pacific

Instructions for login will be distributed approximately 24 hours in advance of the session!

*Any transmission or retransmission to additional sites/rooms by any means, including, but not limited to, the use of a telephone conference bridge (whether or not owned by the registrant), is strictly prohibited.

First line = $355

Additional Lines:

2-10 additional lines = $145 for each additional line
>10 additional lines = $125 for each additional line
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