Properly Servicing and Liquidating Distressed FSA Guaranteed Loans
This recorded program would be helpful to all Ag Bankers.
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The servicing and liquidation of FSA guaranteed loans are governed by a detailed series of federal regulations. These regulations set forth specific steps that must be followed, timelines that must be observed and documentation that must be maintained when dealing with FSA guaranteed loans that are/may be in default. Even routine actions such as accelerating a loan too early, or failing to set up specific meetings with borrowers at specific times can constitute violations of applicable regulations.
Far from being meaningless formalities, the regulations are clear that the failure to follow the specified procedures or observe the specified timelines may result in a reduction or even total invalidation of the FSA guarantee, regardless of when the FSA discovers the violation.
This webinar will discuss the steps that should be followed, the timelines that need to be observed, and the documentation/reporting that is required of banks when dealing with distressed FSA guaranteed loans.
After registering, you will receive a confirmation email containing information about joining the webinar.
Duration: Approximately 1 hour
Presenter: Matthew Bialick, MJB Law, is a banking and agricultural finance attorney and founding member of MJB Law. Matthew provides transactional, advisory and workout litigation support to banks of all sizes. Matthew graduated magna cum laude from the University of Minnesota law school. Prior to law school, Matthew attended the honor’s program at University of Minnesota’s Carlson School of Management, where he graduated first in his class, summa cum laude and with high distinction.
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