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Power of Attorney Commercial Loans

Tucker Arensberg, P.C.

Pennsylvania Commercial Power of Attorney Problems Fixed by Act 103 of 2016

Tucker Arensberg, P.C. on

It took almost 2 years, but finally this past October 2016, technical corrections were signed into law to address the problems for commercial powers of attorney that arose by virtue of the 2014 Amendments to the Title 20 PA...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

Obermayer Rebmann Maxwell & Hippel LLP

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

Confession of judgment provisions in commercial documents remain in a state of flux until legislation pending in the Pennsylvania House Judiciary Committee is approved and enacted. Until such time, we will keep readers...more

Ballard Spahr LLP

Changes to Pa. Power of Attorney Law: A Problem for Commercial Transactions

Ballard Spahr LLP on

Secured lenders and other parties entering into commercial transactions face new, potentially problematic requirements under recent changes to Pennsylvania’s statute governing powers of attorney (20 Pa.C.S.A. Ch. 56), which...more

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