List the points for a lender's internal note on use of generative tools
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- List the duties in Opinion 512 that bear on a lending practice: competence, confidentiality, verification, candour to a tribunal, supervision and fees. Do not write the policy.
- What the lawyer must review
- Opinion 512 says a lawyer must understand the tool well enough for the task, must check output, must not put confidential client information into a tool that trains on it or discloses it, and must not file unchecked output. Model Rules 1.1 and 1.6 are the rules the opinion applies. No banking regulator's generative-tool guidance was opened, so do not add one. You write the note the legal team will adopt.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm that the actual tool, feature and processing terms permit use of this information, including access, retention, training and disclosure conditions.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.