Turn a loan portfolio into a covenant tracker
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- For each facility the lawyer marks, list the covenant, the threshold in the agreement, and the figure on the compliance certificate supplied. Do not decide that a covenant is breached.
- What the lawyer must review
- The tracker repeats the documents. It does not interpret a ratio or a cure. Opinion 512 allows a table only after you test the tool on a sample of facilities and compare the rows with the agreements. Keep the portfolio out of a public tool (Model Rule 1.6). You decide whether a figure is a breach and what notice the agreement requires.
- 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
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- 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.