Review the existing credit documents and the security package
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Build a review table of parties, maturity, collateral, debtor name and open conditions from the documents on the file. Do not produce a new execution version.
- What the lawyer must review
- Check personal-property collateral against U.C.C. § 9-502(a) and the debtor name against § 9-503. Real-property security is the mortgage the state requires, which this review does not draft. Opinion 512: verify the table on a sample of documents before you rely on it, and keep the file out of a public tool. Anything you tell the client about whether the security is effective is your advice.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes identifying points for review. Confirm 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 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.