What Are Bank Loans?
A Bank Loan is a loan of money from any bank to a private borrower. Bank loans can involve different types of loans, depending upon the financial institution. Banks offer a variety of loan products for use by individuals and these include: Continue reading
Are you looking for a law firm for a bank, bank officer, or a company that offers banking services? You have come to the right place. At our Palm Springs banking law firm, we help our customers with compliance matters that provide regulatory solutions to help their business continue running smoothly. Continue reading
On June 12 2017, days after the House of Representatives passed the Financial CHOICE Act, there was a bill to rescind and supplant a large portion of the saving money changes actualized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Treasury Department discharged its hotly anticipated answer to change the US monetary framework. The report is entitled “A Financial System That Creates Economic Opportunities: Banks and Credit Unions.” Continue reading
Oftentimes, lawsuits can take many months, if not years, to resolve. In that time span between when suit is brought and judgment is entered, a defendant may try to put his or her assets beyond the reach of the plaintiff and the court. It becomes impossible to satisfy the claim and the judgment becomes worthless. Continue reading
Staying abreast of the legal changes in the banking industry has become increasingly difficult with mounting changes in technology. SBEMP is a Palm Springs banking practice law firm with a wealth of experience that dates back to the organization’s beginnings. Continue reading
Lender liability is due to the lender’s conduct. Normally, this comes up after some breach of a common law or requirement, or a violation, regardless of intent, of statutory obligations.
Because of these conditions, liability happens when: Continue reading
Banking and business law and regulation can be a complicated area to navigate that requires a qualified and experienced Palm Springs banking practice law firm to ensure success in contentious, insolvency and regulatory matters. The international nature of business in the 21st century means our experience working with the US Securities Exchange Commission are an important factor in ensuring our clients comply with all regulations and laws. Continue reading
Banking and business law and regulation can be a complicated area to navigate that requires a qualified and experienced Palm Springs banking practice law firm to ensure success in contentious, insolvency and regulatory matters. The international nature of business in the 21st century means our experience working with the UK Financial Services Authority and the US Securities Exchange Commission are an important factor in ensuring our clients comply with all regulations and laws at an international level. Continue reading
Lender Liability is a term used to describe the obligation a lender has to treat a borrower fairly. Borrowers often initiate a lender liability claim if they believe they have been damaged by a lender’s actions, or as a negotiating tactic to improve the chances of the lender accepting a reduced payoff. In almost all cases, a lender liability claim is used to weaken the negotiating position of the lender with the borrower. Borrowers that have financial trouble also use lender liability claims to counteract anticipated foreclosures or collections. Usually a borrower will base their lender liability claim on some perceived negligent action taken by the lender that harmed them or their business in some way. A breach of contract, not dealing in good faith, and a failure in fiduciary duties are also used. Continue reading
How Construction Loans are Made
Construction loans are subsided in increments to supplement the progress made on the development’s construction. Since construction loans are short-term loans, they must be paid in full in accordance to the loan period that is soon after the construction is completed. Construction loans can consist of a period of time ranging from 12 months to 24 months. Continue reading