Knowing Your Customer’s Legal Name and Organizational Structure: What’s The Big Deal?

Presented by Bruce S. Nathan, Esq. and Lowell A. Citron, Esq., Partners, Lowenstein Sandler LLP

Overview: Best practices for a credit professional includes knowing your customer’s correct legal name and legal structure. Failure to know your customer’s correct legal name or legal structure increases the risk of not being able to collect a claim. Worse yet, it could result in the loss of secured status or otherwise impair realizing on credit insurance, a letter of credit, security interest, guaranty and other third party credit support. This program is designed to assist a credit/finance professional in confirming and keeping abreast of changes in its customers’ correct legal name and legal structure, and the adverse consequences that might result from getting it wrong.

Cost: $50 members (MFM/BCCA); $75 non-members; $0 MFM Corporate

Deadline to register: Friday, March 24 (any registrations received after 5pm Central will be charged $20 late fee) 

CPE: 1 Field of Study: BL; Level: O; Prerequisite: None  Delivery: Group Internet 

Learning Objectives: 

• Ability to recognizethe ways to obtain customers legal information
• Have an understanding of what to ask and require from your customers