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Insights

Insights / 16 January 2020

Mortgage Holders Should Protect Vacant Properties (and Themselves)

What liability might a lender have to the borrower if the property deteriorates or is vandalized after the lender has secured it?
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Insights / 10 January 2020

On My 40th Work Anniversary with Weltman, Weinberg & Reis

Shareholder Larry Rothenberg shares some history and thoughts after 40 years with the firm.
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Insights / 19 December 2019

SAFE Banking Act Could Give Safe Harbor to Banks Serving the Cannabis Industry

The SAFE Banking Act is an attempt to reactivate the protections of the Cole Memorandum of 2013. The fate of H.R. 1595 would have significant implications for some geographic areas.
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Insights / 22 November 2019

Understanding The Bank Secrecy Act

If you work at a credit union or financial institution, you're no stranger to The Bank Secrecy Act (BSA). But, do you understand the importance of adhering to the legislation and the consequences of failing to do so? Congress passed the Bank Secrecy Act in 1970 as an attempt to detect and fight money laundering.
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Insights / 9 October 2019

Potential for Increased Dividends Based on Recent Appellate Decision

A recent appellate decision handed down by the United States District Court in the Eastern District of Michigan provides some good news for unsecured creditors seeking larger dividends in Chapter 13 cases.
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Insights / 7 October 2019

Pros and Cons of Utilizing a Power of Attorney

A power of attorney (POA) is a legal designation of which allows someone (as an attorney-in-fact/agent) to act for and on behalf of another person (the principal). It's important to understand both the advantages and disadvantages of utilizing a POA.
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Insights / 14 August 2019

Thieves Among Us

United States businesses lose an average of seven percent of their annual revenues to employee theft each year, according to statistics from Statistic Brain Research Institute. Estimates range from $20 to $50 billion, making it one of the most costly and widespread challenges faced in today's business world.
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Insights / 27 June 2019

Proposed Changes to Ohio's Statute of Limitations on Contracts Raises Concerns for Creditors

The recently introduced Ohio H.B. 251 is pending in the House's Civil Justice Committee, and is sparking significant argumentation among trade groups on both sides of the issue.
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Insights / 8 May 2019

A Creditor's Guide to Ohio's Name and Gender Marker Change Process

It is estimated that 1.4 million Americans identify as transgender, a figure that has essentially doubled over the last decade. When an individual transitions from one gender to another, they may also elect to change their name and/or their gender marker.
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Insights / 24 April 2019

Best Practices for Compliance with Ohios New Disclosure Requirements for Debts Secured by Second Mortgages or Junior Liens

Ohios new Revised Code 1349.72 which became effective in March - requires that prior to collecting or attempting to collect any part of the debt, the creditor must send a notice to the debtor if the debt is a second mortgage or junior lien on the debtors residential real property and the debt is in default.
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