Loan covenants, also known as financial covenants or debt covenants, are an important part of loan agreements. An outsourced general counsel can help you customize covenants based on your institution’s level of risk and other factors. There are several types of loan covenants you may include in loan agreements with your borrowers. There are also …
Today, many lenders use promissory notes as a legal document showing the borrower’s promise to repay a loan. Your banking law attorney can help with drafting and reviewing promissory notes. Promissory notes are commonly used for many different types of loans, including: Auto loans Mortgages Business loans Student loans Because promissory notes are legally binding, …
More and more community banks are looking to technology to help optimize operations. However, it’s important to talk to your banking law attorney about regulations and risks associated with new technologies. This can help you decide on the technologies you will and will not implement for your bank. Also, your attorney can help offer advice …
