This Legal Update explores why, in order for an underlying loan to be included in a warehouse facility’s borrowing base, its original promissory note (if any) must be delivered to the collateral agent or custodian....more
This Legal Update explores why, in order for an underlying loan to be included in a warehouse facility’s borrowing base, the underlying loan’s obligor cannot be a governmental authority.
EXAMPLE OF ELIGIBILITY CRITERIA:...more
This Legal Update explores why, in order for an underlying loan to be included in a warehouse facility’s borrowing base, the underlying loan cannot be used for “personal, family or household purposes.”...more
9/24/2025
/ Borrowers ,
Commercial Loans ,
Compliance ,
Consumer Protection Laws ,
Due Diligence ,
Financial Institutions ,
Lenders ,
Loans ,
Regulatory Requirements ,
Risk Management ,
Uniform Commercial Code (UCC) ,
Warehouses