How blockchain stops bank fraud
By Thomas E. Howard & Lina Aldadah
Commercial Banking, Collections, and Bankruptcy,
March 2018
Once blockchain is ready for prime time, attorneys for the bank never will again need to trace proceeds or worry about bad checks.
Blurred line between business and personal loans and the application of the Illinois Credit Agreements Act
By Thomas E. Howard
Commercial Banking, Collections, and Bankruptcy,
July 2017
Lenders should police their residential real estate collateral now to ensure that their borrowers have not become landlords. The borrowers could have easily gotten a new home mortgage from another mortgage bank. Very specific steps must be taken to bring the formerly residential mortgage loan under the shield that the ICAA provides to commercial lenders.
Medical marijuana attorneys can breathe easier when advising clients
By Thomas E. Howard
Commercial Banking, Collections, and Bankruptcy,
October 2016
As a result of the recent decision in U.S. v. McIntosh, attorneys advising medical marijuana businesses can now breathe a sigh of relief. The convoluted and conflicting field of state and federal statutes and case law just had a very large wrinkle ironed out.
You cannot go bankrupt selling marijuana!
By Thomas E. Howard
Commercial Banking, Collections, and Bankruptcy,
March 2016
Marijuana is an asset that cannot be administered for the benefit of creditors. Administering the marijuana assets is a criminal violation of federal law.
Dragnet clauses or bust
By Thomas E. Howard
Commercial Banking, Collections, and Bankruptcy,
March 2015
To avoid possible errors, every security agreement must contain a dragnet clause to allow for subsequent modifications or additional extensions of credit by the lender to be properly secured.
Spot an error in your article? Contact Celeste Niemann at cniemann@isba.org. For information on obtaining a copy of an article, visit the ISBA Newsletters page.
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