Content & Overview for Section 1

Resources for Section 1 - RMLs vs. CMLs - Borrowers & Signers

  1. Video - 12:00 minutes
  2. PDF - 17 Pages (Downloadable)

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CONTENT

Lecture Notes

The borrower component

What is an entity?

List of common business entities

Graphic of entity types

Non-commercial entities

Powers of Attorney in CMLs

Signers? Aren’t the borrowers also the signers?

Other types of signers

Handouts

Handout:  Borrowers & Signers

Guarantors

Spouses and sellers

Key man policy

Handout: Graphic of entity types

Handout:  Comparing the standard components