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Banking & Finance Law Report Blog

Articles: 1-10 of 49

UPDATE: Foreseeable pitfalls of the SAFE Banking Act

USA - January 21 2020 The SAFE Banking Act has hit a snag in Congress thanks to opposition from the chair of the Senate Banking Committee. The October 2019 post, “Temper…

Commercial Loans: Equity Cure Provisions

USA - November 4 2019 In loan agreements, lenders customarily require the borrower to make various financial covenants whereby the borrower promises to achieve…

Temper Your Expectations on Cannabis Banking Reform: foreseeable pitfalls of the SAFE Banking Act

USA - October 28 2019 On September 25, 2019, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 passed the U.S. House of Representatives by an impressive margin of…

Ohio’s new notary law requires immediate attention

USA - October 3 2019 Ohio is a relatively new adopter (September 20, 2019) of laws permitting electronic on line notarization. These new laws generated a great deal of…

The Bank Industry’s Cannabis Problem

USA - July 22 2019 The banking industry has a cannabis problem—it cannot bank cannabis related businesses…

Ohio Legislature reaffirms approval of electronic transacting, but lenders beware of e-note enforceability

USA - November 16 2018 Earlier this month, SB 220, the Ohio law that amended Ohio’s version of the Uniform Electronic Transaction Act (UETA) became effective. The amendment…

New Statute Makes It Easier for the Small Business Administration to Lend to ESOPs

USA - August 15 2018 Every business owner must make a decision regarding what he or she will do with the business. If no family member is able or willing to assume…

Why You May Want To Do Business Under Ohio’s 2018 Banking Law

USA - June 15 2018 Let’s say your client is a bank based outside of Ohio, and suppose further your client wants to set up a banking business in Ohio. Most of the time a…

Practice Pointer for Creditor’s Rights Counsel: Draft Complaints With the New Warrant of Attorney Bench Card in Mind

USA - March 9 2018 The Ohio Judicial Conference has issued a bench card, a copy of which is attached, that gives Ohio’s Common Pleas Court judges a checklist they may…

Changes to Ohio Banking Law

USA - February 16 2018 Last year, the Ohio Legislature made a number of important changes to Ohio’s statutory banking code. These are the first comprehensive changes in more…