Get Form Of Legal Opinion For Cobank, Cfc And Rus Loan ... - Americanbar

This guide provides a step-by-step approach to completing the Form of Legal Opinion for CoBank, CFC and RUS Loan. Designed for a range of users, this guide simplifies the instructions while ensuring compliance with critical legal requirements.

Follow the steps to accurately complete the form.

1. Click the ‘Get Form’ button to obtain the form and open it for editing.
2. Begin with the header section, input the date and the address for the lender. Ensure that these details are accurate as they are essential for proper documentation.
3. In the introduction, clearly state your role as counsel for the borrower and specify whether you are serving as general or special counsel.
4. Identify the borrower by including their full legal name and organizational details, such as the state of incorporation and entity type.
5. List all documents related to the loan transaction under the Loan Documents section, providing clear definitions for each document.
6. In the Scope of Opinion section, specify the documents examined, including originals or copies of the Loan Documents, Articles of Incorporation, bylaws, board resolutions, and any certificates relevant to borrower’s legal standing.
7. Ensure all opinions and qualifications are clear, following the structure provided in the form. Include relevant qualifications concerning enforceability, compliance, and corporate authority.
8. Double-check the Litigation Certificate and ensure it accurately reflects any pending or threatened legal proceedings.
9. Conclude by summarizing your opinion regarding the borrower’s legal status, corporate authority, and compliance with applicable laws.
10. Finally, save changes to the completed document, and prepare to download, print, or share the filled-out form as needed.

Complete your documents online today for a smooth legal opinion process.