MCLE ppt July 30 2009

Slide 1: 

1 You are preparing to take a 3 Hour Mandatory Continued Legal Education (MCLE) course. Whether you are attending a: Live Seminar, which provides opportunity for question and answers. Viewing this presentation via Streaming Video and Audio Listening to an IPOD presentation, and request test on-line or Viewing a DVD presentation, and request test on –line. The process is the same. Each method is designed with the flexibility that allows you to take advantage of this offering as it meets your busy schedule. If you are taking this course other than by attending Live Seminar you will be given a 72 hour period of time to complete the course from the time you log on and off, after which time elapse you will be required to re-register and pay another fee to retake the course. If you choose to order and take the class by viewing a DVD or IPOD at your leisure you will have four days to complete the viewing, and take a test on-line. We will record your test results and forward same to the MCLE headquarters to certify your completion. You will receive a copy of the certificate within 10 days from our office. (double Click to begin course)

Slide 2: 

Faulty Contract Content Contractor Bug Assessor Parcel No. Where Who License Number When How What Rescission Period Change Order 2 Preliminary Lien Notice

Slide 3: 

Construction Loan Agreement Lender Borrower Contractor Period of Time Project Location Funding Agreement Disbursement Agreement 3

Slide 4: 

Legal Owner Cloud on Title or Deed Title Review Encumbrance Liens 4

Slide 5: 

Building Permit Approval Zoning Approval Building Card 5

Slide 6: 

Disbursement Schedule Progress Payment Schedule Supporting Documents (Sample download) 6

Slide 7: 

Demand for Payment Invoices Receipts, if warranted 7

Slide 8: 

Payment Voucher Authorization Form Interim Release 8

Slide 9: 

Sign-off and Final Payment Card Final Sign off Certificate of Occupancy (CO) 9 72 Hour

Slide 10: 

10 Questions and Answers Validation Test Wrap Up www.Calladclimited.com iinfo@calladclimited.com 510-706-4562 Thank you

Slide 11: 

11 1. The Contractor Bug is located on: First Page of Contractor’s contract Not required to be shown At the contractor’s signature line 2. Preliminary Lien Notice must be filed 72 Hours after Contract signing One week after contract signing 30 days after completion of job Required only if contract default 3. There is no rescission requirement for construction contracts. True False Which is not required to be included in a Construction Loan agreement? Lender name Borrower name Disbursement Agreement Change Order Encumbrance are shown in Title Report True False

Slide 12: 

12 6. Building standards are developed by ICC-Safe ? True False There are 40 plus trades included in the Building Standards. True False The disbursement schedule does not include Line item cost control numbers Provisions for “Change Orders” Progress payment schedule Home inspection report Construction invoices do not need to be on Letterhead. True False Which of the following should not be included with the Payment Voucher? Fed Form 1099 Notice W4 Tax Form Interim Lien Waiver Release Form Building Card copy

Slide 13: 

13 The Sign-Off, Final Payment and Certificate of Occupancy mean the same thing. True False Which is not a part of the Faulty Contract Content? ICC-Safe standards Disbursement Schedule Parcel Number Rescission How many hours do you have to complete the MCLE course if it is taken by via DVD or IPOD? 96 hours 72 hours 24 hours None of the above The funding Agreement dose not have to show property Address and Parcel Number. True False As it relates to Home Owner Associations (HOA’s), It is not necessary to obtain construction sign-off approval. True False