News & Analysis as of

Commercial Loans Pending Legislation

Hudson Cook, LLP

New York Financing Arrangements Bill Would Have Major Implications for Commercial Financing

Hudson Cook, LLP on

A bill before the New York State Assembly would, if passed, have major implications for a variety of financing transactions in the Empire State. Titled the End Loan Sharking Act, Assembly Bill 9585 would subject a variety of...more

Miles & Stockbridge P.C.

Md. Bill Would Raise the Limit on the Amount of Debt an IDOT Can Secure, Defer Recordation Tax

A bill approved by the Maryland General Assembly would raise the maximum threshold amount of money that an indemnity deed of trust (IDOT) may secure on a loan and still benefit from recordation tax exemptions. House Bill...more

Womble Bond Dickinson

Maryland House Economic Matters Committee Considers Senate-Passed Commercial Finance Disclosure Law: Consumer Type Disclosures in...

Womble Bond Dickinson on

We recently reported that the Maryland Senate unanimously approved amended Senate Bill 496 – a broad measure proposed to curb perceived commercial lending abuses in Maryland. The bill has moved on to the House of Delegates...more

Womble Bond Dickinson

Maryland Senate Passes Commercial Finance Disclosure Law: House will Now Consider Consumer Type Disclosures in Commercial Loans

Womble Bond Dickinson on

The Maryland Senate unanimously approved amended Senate Bill 496 last week – a measure proposed to curb perceived commercial lending abuses in Maryland by requiring additional financial disclosures when making loans to small...more

Miles & Stockbridge P.C.

Missouri Tries Again with a Revised Commercial Finance Disclosure Law as Legislative Pre-Filing has Begun Across the Country

Miles & Stockbridge P.C. on

We have reported on the wave of laws enacted and proposed in various states requiring consumer-like disclosures in commercial financing transactions. California, New York and Utah have enacted similar commercial finance...more

Ballard Spahr LLP

California on the Verge of Requiring Commercial Finance Disclosures

Ballard Spahr LLP on

It appears likely that California Governor Jerry Brown will sign a bill passed on August 31 by the state's Senate, Senate Bill 1235, which would create consumer-style disclosure requirements for certain commercial loans and...more

Allen Matkins

Watch Out, Small Commercial Lending Might Soon Become A lot More Complicated!

Allen Matkins on

Way back in February, I wrote about a bill, SB 1235, that would impose specific disclosure requirements on persons engaged in the business of commercial financing. In the ensuing months, the bill was amended eight times,...more

Obermayer Rebmann Maxwell & Hippel LLP

Update: The Consequences of Modifying Pennsylvania's Powers of Attorney Statute Potential Impacts on Commercial Loans & Leases

On April 14, 2015, pending legislation was passed by the Pennsylvania House Judiciary Committee to resolve the current state of flux of confession of judgment provisions and the bill was sent to the Pennsylvania House of...more

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