Session 1: Agricultural Borrowers and Problem Loans

The Special Asset Summer School Series 2025 began with a session on agricultural borrowers and problem loans, featuring presentations from creditors’ rights attorneys Lily Faulconer and Michael Fields on various aspects of agricultural loan documentation and verification processes. The discussion covered key topics, including document filing requirements, lien priorities, and methods for verifying crop ownership and business entities, with a specific focus on North Carolina laws and federal requirements. The session concluded with information about farmland leases and UCC filings for agricultural products, along with guidance on loan modifications and forbearance agreements.