CAL ALIFORNIA C A CAP APITAL AL A ACCESS PR PROG OGRAM Lender - PowerPoint PPT Presentation

CAL ALIFORNIA C A CAP APITAL AL A ACCESS PR PROG OGRAM Lender Roundtable Webinar: 12/17/2015

PROGRAM STATISTICS AND NEW PROGRAM UPDATES Curre rrent Programs: SSBC BCI Pr Progr grams • ARB O AR B On-Road ad H Hea eavy Duty Veh ehicle Pr e Progr gram am • Ne New Pr w Progr gram ams: Electri ric Vehicle Charg rging Station (EVCS) • AB AB 1230 Amer Americans wi with Disab abilities Act Financing Pr g Progr gram am •

LOAN ENROLLMENT APPLICATION REMINDERS No exceptions to the 15 day sub ubmission d deadline • Borrower’s Ce Certification mus ust be signed b by all pa parties t to the loan • Loan n amount unt s stated on n the Ca CalCA CAP enr nrollment appl pplication mus ust m match actua ual • lend nder l loan a n amoun unt Co Compl plete a all f fields o on n the appl pplication • Conf Co nfirm t that the b bus usiness is eligible and nd t that t the borrower h has a license t to d do • busi siness ss Co Conf nfirm that loan n pr proceeds will b be us used for a an n eligible bus usiness pur purpose • Enrol ollment a application mu must b be signed b by y a representative listed on on the Le Lender’s • Aut uthorized S Signers L List

SITE VISIT REPORT 201 014: 20 20 lender re r reports co complete • Waiting f for or lender resp sponse se on on three r repor orts • One ne repo port s still ll being ng f fina nalized • Two l o loa oans wi s will b be un-enr nrolle lled f from m the P Program • 201 015: Staff r recently c con onducted three si site v visi sits – repor orts i s in proc ocess • Staff feels c s con onfident t that lenders a are op operating wi within t the guidelines se s set by Treasury • Commo mon d n discrepa panc ncy – Not a all p parties s to t o the loa oan have si signed the Borr rrower’ r’s • Certific icatio ion Lender l loa oan f file sh should i include v verification that t the bor orrower h has s a busi siness l s license • and that loa oan p proc oceeds wi s will b be use sed f for or an eligible b busi siness purpose se

CLAIMS PROCESS AND TOOLS A A par articipat ating f g finan ancial al i institution s shal all b be e au authorized ed to mak make e a a clai aim for reimbursement o of a a loss f from the e enr nrolled po portion o of a a qua ualified loan pr n prior t to t the li liquidation o of c colla lateral: Lend nder s should f follow i its own n us usual and nd cus ustomary l liquidation and nd r recovery e efforts • Out ut of po pocket expe penses should b be those t that y you w u woul uld inc ncur even i n if y you w u woul uld • not b be reimb mbursed for or i it Ca CalCA CAP w will no not reimburse for no non-sufficient funds fees or or late f fees • Lend nders should be pr prudent in c n collection e efforts and nd expe penditures w when s n selecting • third-party vend ndors Be sur ure t there i is no no po potential c conf nflict of interest or pe perception of fraud, w waste or • abu buse

WHAT CAN B BE EX E EXPECTED F FROM OM THE C E CLAIMS PROCE CESS? SS?  Ca CalCA CAP w will pa pay up up to 100% of charged off a amount unt (or original e enr nrolled amoun unt, whiche hever r is less) provided there is e enou ough in your ur loa oan los oss r reserve accoun unt.  CalC lCAP w will ll pay accrued ed, u unpaid intere rest (from the e dat ate e inter erest las ast p pai aid thr hrough the he c cha harge o off date te) not to o exceed the or original e enrol olled amount unt.  Cal alCAP wi AP will p pay reas easonab able e out ut-of of-pocket expe penses when n accomp mpanied b by a paid receipt, a above and beyon ond the p principal and interest, e even if it exceeds the original l enrolle led amoun unt, unl unless the l liquidated col ollateral exceeds t the outstand nding ng princ ncipal.

WHA HAT I IS N NEEDED TO SUBMIT T TO C CAL ALCAP AP F FOR A A CL CLAI AIM? 1. Completed ed Cal alCAP F Finan ancial al I Institution C Claim aim Applic ication. 2. Brief ef writ itten his istory o of t the lo loan an including: 1. What caused the loan to default 2. Collection/liquidation of collateral activity (if any) 3. Dates that the loan went into default and was charged off 3. Tran ansac action his istory of the loan an. 4. Detailed expense ses s (if an any) y) ac accompanied b by y paid aid r receip ipts or invoices, t that at inclu lude Borrower’s name, me, L LLN, VIN, N, and/or o other informa mation specifying the e purpose o of the e expen ense. e.

COMPLETED ETED CALCAP AP FINAN ANCI CIAL AL INSTI TITU TUTI TION CLAI AIM APPL PLICATI TION Name, phone number, and address of lender representative CalCAP ID, CalCAP #, CalCAP can Borrower’s name, and contact with Borrower DBA required questions about this claim. Date of loan must Original Principal = amount match the enrollment enrolled in Program application Date of Default = Default Amount = amount Date that loan went remaining on loan prior to bad liquidation of collateral Note: You must certify to continue to pursue additional recoveries through legal proceedings, guarantees, and/or other sources. This means you must continue with your normal collection process.

CALCULATING CLAIM INFORMATION Default amount minus amount received from Calculations liquidated collateral starting day after LAST ST interest Reasonable out-of- payment was pocket expenses made

EX EXAMPLE OF OF BRIEF WRIT ITTEN HIS HISTORY O OF F THE HE LOA OAN EXAMP MPLE LE: Borrower G Guy B B. Truck cker r came to WeFinance ceTru ruck cks i in August o of 2013 l lookin king to to purchase a a tru ruck ck t to haul p paper for r his re recy cycl cling b business. W . WeFinance ceTru rucks s sold G Guy B B. . Tru rucker a r a 2013 13 Detroi oit Diese sel on on August st 2 21, 2013 13 and financed $ $65,000.00. ,000.00. Guy B B. Truck cker m r made cons nsistent t time mely ly pa payme ments f for the rema mainder of 201 013 and t throughout 2 2014 014. Howe owever, i in Jan anuar ary o of 2015, 5, Guy B. Truck cker c contact cted W WeFinance ceTru ruck cks to inform u us that h he had brok oken h his l s leg. As As a resu sult, h he wou ould n no l o lon onger b be able to o wor ork a and con ontinue m making payments o on his l loan. W . WeFinance ceTru rucks t tri ried to work w with Mr Mr. . Tru rucker t r to ensure re his l loan would b be paid, b but were re unsucce cessful. O . On Ma March ch 2, 2, WeFinanceTrucks re repossessed Mr Mr. . Trucker’s 2 2013 D Detroi oit Diese sel and c d charge ged-off his l loan an with a a rem emai aining p principal al bal balan ance of $ $45,000.00. O ,000.00. On A April 1, 1, the t truck was s sold at auction f for $ $30, 0,000 000.00. 00. As a a result, the remaining $ $15,000.00 000.00 and o d out-of-pocket exp xpense ses a s are being r g requested f d from Ca CalCA CAP. . WeFinance ceTru rucks i incu curre rred $500 $500.00 i in admin co costs, $500 $500.00 i in co collect ction f fees, , $1 $1,2 ,250.0 .00 for r repairs, , and $ $250.00 i 0.00 in d detailing charges t totaling $2,500.00 500.00 in o out-of-poc ocket e expenses.

TRAN ANSACT CTION HI HISTORY EXAM AMPLE: E: Date Transaction Total Principal Interest Total Principal Balance Loan 8/ 21/ 2013 Funding $ 65,000.00 $ 65,000.00 $ 10/ 1/ 2013 Payment $ 2,000.00 $ 1,250.00 750.00 $ 63,750.00 $ 11/ 1/ 2013 Payment $ 2,000.00 $ 1,250.00 750.00 $ 62,500.00 $ 12/ 1/ 2013 Payment $ 2,000.00 $ 1,250.00 750.00 $ 61,250.00 $ 1/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 60,000.00 $ 2/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 58,750.00 $ 3/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 57,500.00 $ 4/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 56,250.00 $ 5/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 55,000.00 $ 6/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 53,750.00 $ 7/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 52,500.00 $ 8/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 51,250.00 $ 9/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 50,000.00 $ 10/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 48,750.00 $ 11/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 47,500.00 $ 12/ 1/ 2014 Payment $ 2,000.00 $ 1,250.00 750.00 $ 46,250.00 $ 1/ 1/ 2015 Payment $ 2,000.00 $ 1,250.00 750.00 $ 45,000.00 3/ 2/ 2015 Charge off $ 45,000.00 $ (45,000.00) 4/ 1/ 2015 Sale of Proceeds $ 30,000.00 To tal Prin cipal Outstan din g $ 15,0 0 0 .0 0