The Add Entity page allows you to create a new Entity party.
Note: For Commercial Lending, an entity association is considered
unincorporated.
The following table describes some of the less common features.
| Feature | Description |
|---|---|
| Land Trust Trustee or a Land Trust | |
| Not Applicable / Insider / Correspondent | Allows you to categorize the party as an Insider, a Correspondent, or neither.
Selecting Insider or Correspondent displays a Type and Title selection for
each. Note: The Insider/Correspondent fields are related to Regulation O, Guidelines for Banking
Relationships with Executive Officers, but they are not used by SBA at this time.
|
 |
Allows you to copy the address information from an existing party to the party you are currently creating or modifying. |
 |
Allows you to associate an existing party. |
If any fields contain invalid information when tabbing away from the field or clicking
Save, you are notified, as in the following example.