The Equipment Leasing and Finance Association has launched a new interactive online course, Understanding the Master Lease Agreement.

The course is designed for equipment finance professionals in sales, credit and documentation and anyone seeking working knowledge of the purpose and contents of the Master Lease Agreement.

This new program engages users by providing “virtual” hands-on experience and training through an interactive interface—all accessible via multiple devices, from smartphones to tablets to laptop computers.

Highlights of the course include:

• Walk through the Master Lease Agreement section by section, gaining an understanding of the terms in plain language and identifying critical components and their impact on the lessor and lessee.
• Participate in real-world scenarios demonstrating how the contents of a Master Lease Agreement can make or break a deal.
• Access and download exclusive resources available only through the course.

The course takes approximately 1 hour to 1.5 hours to complete. It is self-paced: it can be completed in one sitting or track where learners left off if they decide to log out and return later.

“The Master Lease Agreement is one of the most important documents in equipment finance,” said ELFA President and CEO Ralph Petta. “If you’re in the equipment finance industry and looking to get up-to-speed on the purpose and contents of the MLA, this course is for you. It draws on the latest instructional technology to encourage and reinforce learning, so it will engage you and members of your team while you delve into essential content.”

The online course is available to both ELFA members ($350) and nonmembers ($650). The course is available for individual purchase as well as bulk purchase by companies that wish to train more than one employee at a time.