Problem 1. Pre-filing. Assignment 6 The Composite Documents Rule Cases (Understanding the Relationship/Distinction Between Attachment and Perfection)

Size: px
Start display at page:

Download "Problem 1. Pre-filing. Assignment 6 The Composite Documents Rule Cases (Understanding the Relationship/Distinction Between Attachment and Perfection)"

Transcription

1 Problem 1 Assignment 6 The Composite Documents Rule Cases (Understanding the Relationship/Distinction Between Attachment and Perfection) 2012: You applied to borrow $10K from First Bank First Bank filed UCC-1 covering your wine collection (intended collateral), but you never borrowed money Mar. 2014: You borrowed $25K from Boone Bank You signed security agreement covering wine collection Boone Bank filed UCC-1 covering wine collection Sept. 2014: You borrowed $40K from First Bank to buy a car You signed a security agreement covering the wine collection and the car Who has first priority in the wine collection? Boone Bank s SI was first to attach (First Bank didn t have a SI until Sept. 2014) Boone Bank s SI was first to be perfected (First Bank had already filed its UCC-1, but a SI cannot be perfected until it has attached) [ 9-308(a)] BUT, First Bank s SI has priority, because (a) First Bank now has a SI in the wine collection, and (b) First Bank was first to file a UCC-1 covering the wine collection [ 9-322(a)(1)] Priority between conflicting SIs in same collateral based on first to file or perfect [ 9-322(a)(1)] Problem 1 demonstrates that a secured party can pre-file a UCC-1 financing statement (before a SI attaches) [ 9-502(d)]. Why do this? Convenience: there s no gap between attachment and perfection Priority: stakes out priority vs. other potential secured creditors [ 9-322(a)(1)] Pre-filing 1

2 Signature/Authentication Old Article 9: debtor had to sign a UCC-1 before secured party could file it ( paper system) New Article 9: no signature requirement; secured party can file a UCC-1, but only if debtor has authorized it to do so [ 9-509(a)] Debtor s authentication of security agreement = authorization for secured party to file a UCC-1 that covers the collateral described in the security agreement [ 9-509(b)] 9-509(a) [Person entitled to file record.] A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) the debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c) (b) [Security agreement as authorization.] By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering: (1) the collateral described in the security agreement; and (2) property that becomes collateral under Section 9-315(a)(2), whether or not the security agreement expressly covers proceeds. If the secured party is going to pre-file its UCC-1, it should have debtor authorize the UCC-1 filing in an authenticated record [ 9-509(a)(1)] This is so, because UCC-1 is not effective unless authorized [ 9-510(a)] Secured party that files an unauthorized UCC-1 can be held liable for actual damages [ 9-625(b)] and a $500 statutory penalty (even if debtor suffered no actual damages) [ 9-625(e)(3)] If UCC-1 is initially pre-filed w/out authorization, but the debtor later signs a security agreement describing the collateral covered by the UCC-1, the initial pre-filing is thereby ratified Bank is going to make loan to Debtor, secured by SI in all of Debtor s inventory Bank asks Debtor to authorize filing of UCC-1 that describes the collateral as inventory, accounts, chattel paper, and instruments Why would Bank want to describe the collateral in the UCC-1 more broadly than in the security agreement? 2

3 Here, an overbroad filing may be justified Bank knows Debtor will sell some inventory on credit, producing accounts, instruments, and chattel paper in return Bank will have a SI in those proceeds [ 9-315(a)(2)] If UCC-1 covers accounts, instruments, and chattel paper too, Bank can be sure its SI in the proceeds of its collateral will also be perfected But, before Bank can file this overbroad UCC-1, Bank must have the Debtor authorize that UCC-1 to be filed, in a separate authenticated record Problem: Debtor s execution of security agreement would only authorize filing covering inventory [ 9-509(b)] If Bank files it without authorization, then Bank faces penalty for filing unauthorized UCC-1 [ 9-625(e)(3)], and UCC-1 is not effective to extent it is unauthorized (i.e., wouldn t cover anything other than inventory) [ 9-510(a)] Note: Debtor could refuse to authorize filing of overbroad UCC-1 Debtor s concern: filing vs. equipment or accounts could limit Debtor s future ability to obtain credit using those types of property as collateral If Debtor does refuse, Bank must decide whether to (1) go forward with loan with UCC-1 containing narrower description, or (2) refuse to make the loan Laminated Veneers Security agreement description: all chattels, machinery, equipment now at the plant of [Debtor] and all chattels, machinery, fixtures or equipment that may hereafter be brought in or installed on said premises [fn. 1, p. 3] Held: agreement did not attach to two cars owned by the Debtor and located at the plant Court was WRONG. Why? 3

4 Court s Reasoning Equipment isn t precise enough description to cover the two cars [T]he security agreement... is the primary source to which a creditor s or potential creditor s inquiry is directed and must be reasonably specific. [p. 4] Laminated Veneers: The Proper View All equipment is not ambiguous As long as the cars were located/used at the plant and were not held for sale/lease, the cars are reasonably identified by all equipment Financing statement, not the security agreement, is the primary source of a potential creditor s inquiry Remember Problem 1: could Boone Bank have relied on the fact that at the time of its loan, First Bank had not yet taken a SI in the wine collection? NO! Problem 3 Bubba Charles Putnam County Bank 5 Broadway, Putnam, XX Holt Alice 12 Main Street Putnam XX Putnam County Bank 5 Broadway Putnam XX All of the Debtor s restaurant equipment Alice Holt Alice Holt By itself, does this UCC- 1 constitute an effective security agreement? By itself, this signed UCC-1 cannot constitute a valid security agreement It is authenticated by Alice, and it does describe her restaurant equipment sufficiently ( all of the debtor s restaurant equipment ) But the UCC-1 form doesn t state that the form is creating a SI in the equipment, or that Alice has already granted a SI in it by some other document Plus, b/c a UCC-1 can be pre-filed, the fact Bank filed the UCC-1 can t prove Bank and Alice have already entered into a security agreement! 4

5 The Purpose of the UCC-1 The primary purpose of a UCC-1 is to notify 3d parties of the possibility that a secured party has taken a SI in the described collateral, or may take a SI in it in the future Message to 3 rd parties: the debtor may have granted a SI in the collateral already, or may do so in the future, so deal w/debtor at your own risk regarding the described collateral Problem 4 Diamond Furniture owed $258,000 to Atlantic Commercial Finance (ACF), and was in default Parties sign letter agreement [see next slide] ACF files UCC-1 covering all of Diamond Furniture s accounts, inventory, and equipment ACF prepares note, security agreement for signature, but it was never actually signed by Diamond Furniture, who is now bankrupt ACF (Creditor) and Diamond Furniture, Inc. (Debtor) conceptually agree as follows: (1) Debtor acknowledges its debt to Creditor of $258,000. (2) This indebtedness shall be evidenced by an installment note, secured by a lien on all of Diamond Furniture s accounts receivable, inventory, and equipment, now-existing or after-acquired, which shall be evidenced by a standard form security agreement and shall be perfected by the filing of a financing statement to be filed upon the signing of this letter. (3) When signed by Debtor, this letter will form the basis for Creditor to prepare an installment note and security agreement, and to prepare and file a financing statement. (4) Debtor acknowledges that this agreement is in lieu of Creditor s filing suit to obtain a judgment against Debtor. [Signatures] Does ACF have a valid SI in the accounts, inventory, and equipment of Diamond Furniture? Or does ACF s failure to obtain execution of a formal security agreement mean that ACF does not have a valid SI? Problem 4 5

6 Composite Documents Rule Problem 4 is somewhat comparable to Bollinger, in which the court found a security agreement in a set of several different documents: A promissory note (signed by debtor, which recited that the debt was intended to be secured by a formal security agreement) A UCC-1 financing statement (signed by debtor) which included a description of the collateral, and Correspondence from Debtor to lender, which identified the intended collateral [p. 8] The security agreement 9-203(b)(3): there must be an effective security agreement covering the collateral Usually, this agreement is entirely contained within the 4 corners of an integrated document entitled Security Agreement However, the agreement can be evidenced by a combination of writings, supplemented by context of the parties relationship and their course of dealing ( composite documents rule, as in Bollinger) In Problem 4, a court could say that a sufficient security agreement exists: Signed letter agreement acknowledges debt (extension of value) Signed letter agreement indicates intent to grant SI in all accounts, inventory, equipment Formal Security Agreement document was prepared with that description (but not signed) Debtor authorized filing of UCC-1, and filed UCC-1 described intended collateral Martin Grinding & Machine Works Debtor got SBA loan for $350K from Bank Most of documents (including filed UCC-1) identified collateral as: all of debtor s machinery, equipment, furniture, fixtures, inventory, and accounts Due to clerical error, the Security Agreement used description = all machinery, equipment, furniture, fixtures (i.e., it omitted inventory and accounts) After bankruptcy, Debtor argued that Bank did not have a valid SI in Debtor s inventory or accounts 6

7 Martin Grinding & Machine Works Held: Bank had no SI in Debtor s inventory and accounts Court: Bank can t introduce extrinsic evidence to enlarge the collateral description in what is an otherwise unambiguous security agreement Ostensible rationale: it s good commercial policy to facilitate certainty, and thus to protect reliance interests of subsequent creditors [I]f parol evidence could enlarge an unambiguous security agreement, then a subsequent creditor could not rely upon the face of an unambiguous security agreement to determine whether the property described in the financing statement, but not the security agreement, is subject to a prior security interest.... The examination of additional documents, which the admission of parol evidence would require, would increase the cost of, and inject uncertainty as to the scope of prior security interests into, secured transactions. Therefore, although the rule excluding parol evidence works results contrary to the parties intentions in particular cases, it reduces the cost and uncertainty of secured transactions generally. [p. 12] Is Martin Grinding s reasoning sound? Martin Grinding Court suggests that 3rd parties can rely upon the contents of the Security Agreement in its investigation, even though the collateral description in UCC-1 is broader That s WRONG (as in Laminated Veneers) 3rd parties must act based on the contents of the financing statement, NOT the security agreement (as Problem 1 demonstrates) 7

Assignment 15 Maintaining Perfection and Priority (Lapse, Continuation, Termination)

Assignment 15 Maintaining Perfection and Priority (Lapse, Continuation, Termination) Assignment 15 Maintaining Perfection and Priority (Lapse, Continuation, Termination) After filing, a is effective to perfect a SI for 5 years [ 9-515(a)] After 5 years, it lapses (becomes ineffective)

More information

Assignment 18 Perfection Article 9 Financing Statements: Other Information. Other Information in UCC-1s. UCC-1: Info for Sufficiency

Assignment 18 Perfection Article 9 Financing Statements: Other Information. Other Information in UCC-1s. UCC-1: Info for Sufficiency Assignment 18 Perfection Article 9 Financing Statements: Other Information Reference: Understanding Secured Transactions 5.02, 5.03 UCC-1: Info for Sufficiency 9-502(a): to be sufficient to perfect a security

More information

Attachment and Perfection. Attachment. One-Time Secured Loans. Assignment 2 Attachment of the Security Interest: The Basic Requirements

Attachment and Perfection. Attachment. One-Time Secured Loans. Assignment 2 Attachment of the Security Interest: The Basic Requirements Assignment 2 Attachment of the Security Interest: The Basic Requirements Reference: Understanding Secured Transactions 1.04, 2.01, 2.02, 3.01, 3.02, 3.03 Attachment and Perfection Creation of a SI is called

More information

Perfection: Other Methods. Assignment 19 Perfection: Exceptions to the Article 9 Filing Requirement. Problem 19.1(a): Cash

Perfection: Other Methods. Assignment 19 Perfection: Exceptions to the Article 9 Filing Requirement. Problem 19.1(a): Cash Assignment 19 Perfection: Exceptions to the Article 9 Filing Requirement Reference: Understanding Secured Transactions 1.04, 6.01, 6.02, 6.03, 6.04, 7.01, 7.02 Perfection: Other Methods Filing is the default

More information

Chapter 32. 32-1 What Is a Secured Credit Transaction? 32-2 How Are Security Interests Perfected and Terminated?

Chapter 32. 32-1 What Is a Secured Credit Transaction? 32-2 How Are Security Interests Perfected and Terminated? Secured and Unsecured Credit Transactions 32-1 What Is a Secured Credit Transaction? 32-2 How Are Security Interests Perfected and Terminated? South-Western, a part of Cengage Learning Slide 1 32-1 What

More information

Priority vs. Buyer: Rules. Assignment 36 Priority: Buyers vs. Secured Creditors. Problem 36.6(a) Buyer v. Secured Party: General Rule

Priority vs. Buyer: Rules. Assignment 36 Priority: Buyers vs. Secured Creditors. Problem 36.6(a) Buyer v. Secured Party: General Rule Priority vs. Buyer: Rules Assignment 36 Priority: Buyers vs. Secured Creditors Reference: Understanding Secured Transactions 11.01, 11.02, 11.03 9-201(a): SI enforceable unless Art. 9 says otherwise 9-315(a)(1):

More information

(sometimes "the Code" or "Revised Article 9"). The focus of this outline is the creation and

(sometimes the Code or Revised Article 9). The focus of this outline is the creation and BASICS OF CREATION AND PERFECTION OF SECURITY INTERESTS UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE Presented by Robert K. Weiler to the Onondaga County Bar Association (September 2006) I. Introduction.

More information

Bankruptcy. Assignment 18 Introduction to Bankruptcy (Claims; Automatic Stay; Relief from Stay; After-Acquired Property; Proceeds in Bankruptcy)

Bankruptcy. Assignment 18 Introduction to Bankruptcy (Claims; Automatic Stay; Relief from Stay; After-Acquired Property; Proceeds in Bankruptcy) Assignment 18 Introduction to Bankruptcy (Claims; Automatic Stay; Relief from Stay; After-Acquired Property; Proceeds in Bankruptcy) Bankruptcy is akin to financial death ; debtor s nonexempt assets, on

More information

REDUCING THE RISKS OF DEFAULTING EQUIPMENT BUYERS. by H. Lee Schwartzberg, Jr., Esq. 2005

REDUCING THE RISKS OF DEFAULTING EQUIPMENT BUYERS. by H. Lee Schwartzberg, Jr., Esq. 2005 REDUCING THE RISKS OF DEFAULTING EQUIPMENT BUYERS The Risk by H. Lee Schwartzberg, Jr., Esq. 2005 The commercial realities of the marketplace frequently require manufacturers to offer payment terms to

More information

Promissory Note Comparison Guide

Promissory Note Comparison Guide Borrowing from or lending money to a friend or colleague is a sensitive situation. A lender wants to be sure money is returned on a timely basis. A borrower wants enough time to repay the amounts and some

More information

FARM LEGAL SERIES June 2015 Security Interests in Personal Property

FARM LEGAL SERIES June 2015 Security Interests in Personal Property Agricultural Business Management FARM LEGAL SERIES June 2015 Security Interests in Personal Property Phillip L. Kunkel, Jeffrey A. Peterson, Jason Thibodeaux Attorneys, Gray Plant Mooty INTRODUCTION The

More information

Protecting Yourself as a Secured Creditor New Developments: 2010 Proposed Amendments to Article 9

Protecting Yourself as a Secured Creditor New Developments: 2010 Proposed Amendments to Article 9 Protecting Yourself as a Secured Creditor New Developments: 2010 Proposed Amendments to Article 9 By Cynthia G. Fischer The Uniform Commercial Code ( UCC ) was drafted by two independent commissions (the

More information

Assignment 12 Legal Limits on What Can Be Collateral. Which Statement Is Correct?

Assignment 12 Legal Limits on What Can Be Collateral. Which Statement Is Correct? Assignment 12 Legal Limits on What Can Be Collateral Reference: Understanding Secured Transactions 1.04[C][2], 1.05[A], 1.07, 16.07[B], 18.03 Litton owns a car, subject to a SI in favor of Bank Security

More information

In re CHRIS-DON, INC. 308 B.R. 214 (Bankr. D.N.J. 2004)

In re CHRIS-DON, INC. 308 B.R. 214 (Bankr. D.N.J. 2004) In re CHRIS-DON, INC. 308 B.R. 214 (Bankr. D.N.J. 2004) RAYMOND T. LYONS, Bankruptcy Judge. Presented for the court s determination are cross motions for summary judgment regarding the extent, validity

More information

Loan Agreement (Short Form)

Loan Agreement (Short Form) Loan Agreement (Short Form) Document 2050A Access to this document and the LeapLaw web site is provided with the understanding that neither LeapLaw Inc. nor any of the providers of information that appear

More information

3) Collateral the personal property of a debtor subject to a creditor s security interest,

3) Collateral the personal property of a debtor subject to a creditor s security interest, Regulation A secured transaction is an agreement by which the secured party (someone who is owed money) obtains a security interest in the personalty (collateral) of the debtor. Accordingly, debt secured

More information

MP Star Financial, Inc.

MP Star Financial, Inc. MP Star Financial, Inc. Broker Information Package Table of Contents 1. Introduction 2. Outline of deals sought and regularly funded 3. Request for Broker Agreement 4. MP Star Advantages 5. MP Star Application

More information

The Strong- Arm Power. Assignment 30 Secured Party vs. Bankruptcy Trustee: The Strong-Arm Power. Problem 30.1(a)

The Strong- Arm Power. Assignment 30 Secured Party vs. Bankruptcy Trustee: The Strong-Arm Power. Problem 30.1(a) Assignment 30 Secured Party vs. Bankruptcy Trustee: The Strong-Arm Power Reference: Understanding Secured Transactions 16.04[A], 16.04[B] 544 provides bankruptcy trustee with special status 544(a)(1):

More information

Recent Legislative Action Regarding Changes to Article 9 of Georgia s Uniform Commercial Code (The Georgia UCC )

Recent Legislative Action Regarding Changes to Article 9 of Georgia s Uniform Commercial Code (The Georgia UCC ) To: Our Clients and Friends April 23, 2013 Recent Legislative Action Regarding Changes to Article 9 of Georgia s Uniform Commercial Code (The Georgia UCC ) I. CHANGES TO ARTICLE 9 OF THE GEORGIA UCC During

More information

YOUR LEGAL RIGHTS DURING

YOUR LEGAL RIGHTS DURING YOUR LEGAL RIGHTS DURING AND AFTER BANKRUPTCY: MAKING THE MOST OF YOUR BANKRUPTCY DISCHARGE Copyright April 2011, Legal Aid Society of Hawai`i All rights reserved. These materials may not be reproduced

More information

UCC DEFINITIONS. Account: A document that is filed to note some type of change to the original financing statement. Amendment:

UCC DEFINITIONS. Account: A document that is filed to note some type of change to the original financing statement. Amendment: UCC DEFINITIONS Uniform Commercial Code (UCC): A code of laws governing various commercial transactions. The Uniform Commercial Code has eleven substantive articles. Article 9, Secured Transactions, may

More information

FUNDAMENTALS OF UCC FORECLOSURES Bankruptcy Section Meeting October 25, 2011. Presented by Dennis G. Fenerty GROH EGGERS, LLC. fenertyd@groheggers.

FUNDAMENTALS OF UCC FORECLOSURES Bankruptcy Section Meeting October 25, 2011. Presented by Dennis G. Fenerty GROH EGGERS, LLC. fenertyd@groheggers. FUNDAMENTALS OF UCC FORECLOSURES Bankruptcy Section Meeting October 25, 2011 Presented by Dennis G. Fenerty fenertyd@groheggers.com This outline describes the process required under Alaska s Uniform Commercial

More information

Unit 11 Real Property: Acquisition and Disposition ARE 306

Unit 11 Real Property: Acquisition and Disposition ARE 306 Unit 11 Real Property: Acquisition and Disposition ARE 306 I. Contracts for Sale of Land A contract of sale is an agreement to acquire or to dispose of property at some specified date. Both parties are

More information

Case 1:12-cv-01671-WTL-MJD Document 172 Filed 05/04/15 Page 1 of 5 PageID #: <pageid>

Case 1:12-cv-01671-WTL-MJD Document 172 Filed 05/04/15 Page 1 of 5 PageID #: <pageid> Case 1:12-cv-01671-WTL-MJD Document 172 Filed 05/04/15 Page 1 of 5 PageID #: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF INDIANA INDIANAPOLIS DIVISION MINNESOTA LAWYERS MUTUAL INSURANCE COMPANY,

More information

c r e d i t c o l u m n Bruce Nathan, Esq.

c r e d i t c o l u m n Bruce Nathan, Esq. N a t i o n a l A s s o c i a t i o n o f C r e d i t M a n a g e m e n t January 2009 The Publication For Credit & Finance Professionals $7. 00 c r e d i t c o l u m n Bruce Nathan, Esq. Recent Court

More information

Purchase Money Definitions

Purchase Money Definitions Assignment 8: Automatic Perfection (with an Introduction to the Purchase Money Security Interest) Reference: Understanding Secured Transactions 1.05, 7.01, 7.02 Purchase Money Financing Debtors often obtain

More information

AMERICAN BAR ASSOCIATION. ADOPTED BY THE HOUSE OF DELEGATES February 4-5, 2002

AMERICAN BAR ASSOCIATION. ADOPTED BY THE HOUSE OF DELEGATES February 4-5, 2002 AMERICAN BAR ASSOCIATION ADOPTED BY THE HOUSE OF DELEGATES February 4-5, 2002 RESOLVED, that the American Bar Association recommends that the United States sign and ratify the United Nations Convention

More information

Supergeneric Collateral Descriptions in Financing Statements and Notice Filing

Supergeneric Collateral Descriptions in Financing Statements and Notice Filing Supergeneric Collateral Descriptions in Financing Statements and Notice Filing Lissa Lamkin Broome* TABLE OF CONTENTS I. INTRODUCTION... 435 II. REVISED ARTICLE 9 PROVISIONS: SUPERGENERIC COLLATERAL INDICATIONS

More information

Types of Mortgages. Permanent vs. Construction. Types of Collateral: Construction loans finance development projects

Types of Mortgages. Permanent vs. Construction. Types of Collateral: Construction loans finance development projects Mortgage Basics Types of Mortgages Types of Collateral: Residential 1 to 4 family homes (up to 4 units) Commercial Larger apartments & non-residential Permanent vs. Construction Perm on completed existing

More information

BUSINESS CREDIT AND CONTINUING SECURITY AGREEMENT

BUSINESS CREDIT AND CONTINUING SECURITY AGREEMENT BUSINESS CREDIT AND CONTINUING SECURITY AGREEMENT This Business Credit and Continuing Security Agreement ("Agreement") includes this Agreement and may include a Business Credit Agreement Rider and Business

More information

Question 3 February 2013 Selected Answer 1

Question 3 February 2013 Selected Answer 1 Question 3 February 2013 Selected Answer 1 1. The issue is which secured creditor has the superior interest in various items of collateral. Bank has a security interest in the savings account, and currently

More information

Perfection and Priority Rules for Purchase Money Security Interests

Perfection and Priority Rules for Purchase Money Security Interests Perfection and Priority Rules for Purchase Money Security Interests The UCC s general rule of priority is that the first creditor to file a financing statement or perfect its security interest is entitled

More information

Problem 1. Problem 1: Scope Exclusions. Problem 1: Scope Exclusion. Assignment 4

Problem 1. Problem 1: Scope Exclusions. Problem 1: Scope Exclusion. Assignment 4 Assignment 4 Attachment of the Security Interest: Legal Limitations on the Use of Consumer Goods as Collateral (Under Article 9 or Other Law) Peters borrowed $50,000 from Neighborly Finance to pay school

More information

FARM LEGAL SERIES June 2015 Mortgage Foreclosures

FARM LEGAL SERIES June 2015 Mortgage Foreclosures Agricultural Business Management FARM LEGAL SERIES June 2015 Mortgage Foreclosures Phillip L. Kunkel, Jeffrey A. Peterson, Jason Thibodeaux Attorneys, Gray Plant Mooty INTRODUCTION If a farm debtor is

More information

THE ABC S OF BORROWING

THE ABC S OF BORROWING THE ABC S OF BORROWING All businesses, no matter what size, need to raise money at some time. Small business owners may be able to dip into their personal savings or borrow money from friends. More likely,

More information

Improve Your Financial Status: Remove the Errors on Your Credit Report

Improve Your Financial Status: Remove the Errors on Your Credit Report When life happens... Improve Your Financial Status: Remove the Errors on Your Credit Report How to correct errors on your credit report and boost your credit score Don't Let Credit Report Errors Harm Your

More information

CIVIL PRACTICE AND PROCEDURE GARNISHMENT CHAPTER 77

CIVIL PRACTICE AND PROCEDURE GARNISHMENT CHAPTER 77 CIVIL PRACTICE AND PROCEDURE GARNISHMENT CHAPTER 77 77.01 Right to writ of garnishment.--every person or entity who has sued to recover a debt or has recovered judgment in any court against any person

More information

Evergreen Solar, Inc. 13% Convertible Senior Secured Notes Due 2015 *Cusip: 30033RAE8 (the Notes ) Notice of Interim Distribution

Evergreen Solar, Inc. 13% Convertible Senior Secured Notes Due 2015 *Cusip: 30033RAE8 (the Notes ) Notice of Interim Distribution Corporate Trust Services 214 North Tryon Street, 27 th Floor Charlotte, NC 28202 Notice to Holders of: Evergreen Solar, Inc. 13% Convertible Senior Secured Notes Due 2015 *Cusip: 30033RAE8 (the Notes )

More information

SUMMARY. Aug 08, 1997

SUMMARY. Aug 08, 1997 SUMMARY The Department held where appropriate amounts of documentary stamp tax and non-recurring intangible tax were paid at the time of the recordation of a mortgage to secure an out of state note, taxpayer

More information

How To Pay Off Debt Through Bankruptcy

How To Pay Off Debt Through Bankruptcy Bankruptcy 13 Bankruptcy Debts & Debt Collection What happens if I can't pay my bills? Persons to whom you owe money have several methods of recourse if you fail to pay a debt. The method used depends

More information

BUSINESS CASH RESERVE AGREEMENT Effective: January 1, 2016

BUSINESS CASH RESERVE AGREEMENT Effective: January 1, 2016 BUSINESS CASH RESERVE AGREEMENT Effective: January 1, 2016 This Business Cash Reserve Agreement ("Cash Reserve Agreement"), Borrower's Application for Business Cash Reserve (Business Overdraft Protection),

More information

13 Non-mortgage Alternatives to Real Estate Financing

13 Non-mortgage Alternatives to Real Estate Financing 13 Non-mortgage Alternatives to Real Estate Financing There are a variety of ways to acquire real estate interests without using mortgage financing. With the exception of the real property sales contract,

More information

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. SHORT SALE ADDENDUM

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. SHORT SALE ADDENDUM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 The printed portions of this form, except differentiated additions,

More information

What is Credit? What Different Types of Credit Are Available?

What is Credit? What Different Types of Credit Are Available? Credit and Debt What is Credit? Credit is a contract between a lender, such as a bank, a credit card company, or a store, and an individual or company. The lender provides the money or access to money,

More information

LAW OFFICES ULLMAN & ULLMAN PROFESSIONAL ASSOCIATION

LAW OFFICES ULLMAN & ULLMAN PROFESSIONAL ASSOCIATION International Secured Transactions Involving Accounts : A Case Study for a Priority Dispute with a Judgment Creditor of a Debtor located in the United States and The Legal Scheme June 4, 2012 Factoring

More information

Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of

Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage (Security Instrument) is given on (date). The Mortgagor is (Name), of Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of (street address, city, county, state, zip code), hereafter called

More information

TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785 CONTRACT FOR CHAPTER 13 BANKRUPTCY SERVICES

TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785 CONTRACT FOR CHAPTER 13 BANKRUPTCY SERVICES TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785 1. Type of Bankruptcy. CONTRACT FOR CHAPTER 13 BANKRUPTCY SERVICES Debtor retains attorney to file a Chapter

More information

LEGAL EFFECT OF ERRONEOUS FILING OF A UNIFORM COMMERCIAL CODE TERMINATION FINANCING STATEMENT

LEGAL EFFECT OF ERRONEOUS FILING OF A UNIFORM COMMERCIAL CODE TERMINATION FINANCING STATEMENT CLIENT MEMORANDUM LEGAL EFFECT OF ERRONEOUS FILING OF A UNIFORM COMMERCIAL CODE TERMINATION FINANCING STATEMENT Two cases, one recently decided and one pending, address the question of whether unauthorized

More information

TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785

TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785 TARBOX LAW, P.C. 2301 Broadway Lubbock, Texas 79401 Phone - (806) 686-4448 Fax - (806) 368-9785 1. Type of Bankruptcy. CONTRACT FOR CHAPTER 7 BANKRUPTCY SERVICES Debtor retains attorney to file a Chapter

More information

Financial Information Statement for Businesses

Financial Information Statement for Businesses Financial Information Statement for Businesses How to Complete This Statement Enter the most current data available in all spaces. Write N/A in spaces that don t apply to you. The Taxation and Revenue

More information

Summary Outline of Mississippi Revised LLC Act (House Bill 683)

Summary Outline of Mississippi Revised LLC Act (House Bill 683) Summary Outline of Mississippi Revised LLC Act (House Bill 683) In General The Revised Act is very friendly to small business but also supports freedom of contract principles. Existing LLCs that have written

More information

AgAmerica Lending Raw Development Land Loan Application

AgAmerica Lending Raw Development Land Loan Application AgAmerica Lending Raw Development Land Loan Application Principal Borrower Loan Terms Loan Amount Requested Term in Years Requested Interest Rate Security Acres County State Legal Description: Additional

More information

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS IN RE: RONALD J. GRABOWSKI TRENNA R. GRABOWSKI Debtor(s). In Proceedings Under Chapter 11 Case No. 01-40801 RONALD J. GRABOWSKI

More information

Personal Property Title Insurance Owner s Policy (PPT-1)

Personal Property Title Insurance Owner s Policy (PPT-1) Personal Property Title Insurance (PPT-1) Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address

More information

TO: ISSUE NO. 266. Area Office NOTICE DATE: July 3, 2002

TO: ISSUE NO. 266. Area Office NOTICE DATE: July 3, 2002 Form FHA 021-4 UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT HARRISBURG, PENNSYLVANIA TO: ISSUE NO. 266 State Office STATE PROCEDURE Area Office NOTICE DATE: July 3, 2002 RURAL DEVELOPMENT

More information

The Landlord s Lien: An Often Overlooked Remedy For a Tenant's Default

The Landlord s Lien: An Often Overlooked Remedy For a Tenant's Default The Landlord s Lien: An Often Overlooked Remedy For a Tenant's Default Lisa A. Rosen, Esq. Sheila R. Novak, Esq. Thomas M. Tracy, Esq. The recent slowdown in the economy makes it almost certain that there

More information

So You Want to Borrow Money to Start a Business?

So You Want to Borrow Money to Start a Business? So You Want to Borrow Money to Start a Business? M any small business owners cannot understand why a lending institution would refuse to lend them money. Others have no trouble getting money, but they

More information

DEBT SETTLEMENT AGREEMENT & GUIDE

DEBT SETTLEMENT AGREEMENT & GUIDE & GUIDE Included: Overview Dos and Don ts Checklist Debt Settlement Agreement Instructions Sample Debt Settlement Agreement 1. Overview No matter the protective measures taken, it is a simple market fact

More information

Federal Reserve Banks Operating Circular No. 10 LENDING

Federal Reserve Banks Operating Circular No. 10 LENDING Federal Reserve Banks Operating Circular No. 10 LENDING Effective July 16, 2013 FEDERAL RESERVE BANKS OPERATING CIRCULAR NO. 10 Effective July 16, 2013 LENDING (Click CTRL + section or page number to go

More information

COUNTERCLAIM ALLEGING BREACH OF REPRESENTATIONS AND WARRANTIES; BREACH OF CONTRACT; AND SEEKING INDEMNIFICATION IN STOCK PURCHASE CASE

COUNTERCLAIM ALLEGING BREACH OF REPRESENTATIONS AND WARRANTIES; BREACH OF CONTRACT; AND SEEKING INDEMNIFICATION IN STOCK PURCHASE CASE COUNTERCLAIM ALLEGING BREACH OF REPRESENTATIONS AND WARRANTIES; BREACH OF CONTRACT; AND SEEKING INDEMNIFICATION IN STOCK PURCHASE CASE Case Document 92 Filed 08/23/10 Page 1 of 9 IN THE UNITED STATES DISTRICT

More information

MEMORANDUM. Jeff Flora. Dave Shay, Lance Formwalt, Jack Selzer. DATE: June 23, 2010. Dealer Personal Guaranties

MEMORANDUM. Jeff Flora. Dave Shay, Lance Formwalt, Jack Selzer. DATE: June 23, 2010. Dealer Personal Guaranties MEMORANDUM TO: FROM: Jeff Flora Dave Shay, Lance Formwalt, Jack Selzer DATE: June 23, 2010 SUBJECT: Dealer Personal Guaranties Tightening credit standards and a lack of competition in financing sources

More information

Securitization Process (Simple Model) Transfer by the Mortgagee: Assignment of Mortgage Loans. Securitization Process (Simple Model)

Securitization Process (Simple Model) Transfer by the Mortgagee: Assignment of Mortgage Loans. Securitization Process (Simple Model) Transfer by the Mortgagee: Assignment of Mortgage Loans Transfer/assignment of a mortgage loan can occur in one of two basic ways: 1) Outright sale of ownership (transferee takes on all risks and benefits

More information

Personal Line Of Credit terms and conditions

Personal Line Of Credit terms and conditions Personal Line Of Credit terms and conditions 1. Introduction 1.1 Definitions Unless otherwise indicated, the words: Account means the line of credit account that you have been approved for by ATB as set

More information

Camouflaged Collateral: "All Asset" Liens May Not Include Proceeds of D&O Insurance Policies in Bankruptcy

Camouflaged Collateral: All Asset Liens May Not Include Proceeds of D&O Insurance Policies in Bankruptcy Camouflaged Collateral: "All Asset" Liens May Not Include Proceeds of D&O Insurance Policies in Bankruptcy Article contributed by Lawrence V. Gelber and James T. Bentley of Schulte Roth & Zabel LLP As

More information

BANK FINANCE AND REGULATION Multi-Jurisdictional Survey SECURITY OVER COLLATERAL. USA - LOUISIANA Lemle & Kelleher, L.L.P.

BANK FINANCE AND REGULATION Multi-Jurisdictional Survey SECURITY OVER COLLATERAL. USA - LOUISIANA Lemle & Kelleher, L.L.P. BANK FINANCE AND REGULATION Multi-Jurisdictional Survey SECURITY OVER COLLATERAL USA - LOUISIANA Lemle & Kelleher, L.L.P. CONTACT INFORMATION Patrick Johnson Lemle & Kelleher, L.L.P. 21st Floor, Pan American

More information

MICHIGAN DEPARTMENT OF ENVIRONMENTAL QUALITY, OFFICE OF ENVIRONMENTAL ASSISTANCE

MICHIGAN DEPARTMENT OF ENVIRONMENTAL QUALITY, OFFICE OF ENVIRONMENTAL ASSISTANCE MICHIGAN DEPARTMENT OF ENVIRONMENTAL QUALITY, OFFICE OF ENVIRONMENTAL ASSISTANCE SMALL BUSINESS POLLUTION PREVENTION ASSISTANCE LOAN PROGRAM (Authority: Part 145, PA 451 of 1994, as amended. Completion

More information

This Offer in Compromise package includes: Information you need to know before submitting an offer in compromise

This Offer in Compromise package includes: Information you need to know before submitting an offer in compromise www.irs.gov Form 656 (Rev. 5-2001) Catalog Number 16728N Form 656 Offer in Compromise This Offer in Compromise package includes: Information you need to know before submitting an offer in compromise Instructions

More information

HOUSE BILL No. 2235. AN ACT regulating vehicle title loans.

HOUSE BILL No. 2235. AN ACT regulating vehicle title loans. Session of 0 HOUSE BILL No. By Committee on Commerce and Economic Development - 0 0 AN ACT regulating vehicle title loans. Be it enacted by the Legislature of the State of Kansas: Section. (a) Except as

More information

SUGGESTED AMENDMENTS. Bankruptcy and Insolvency Act

SUGGESTED AMENDMENTS. Bankruptcy and Insolvency Act SUGGESTED AMENDMENTS Bankruptcy and Insolvency Act The underlined words are our suggested language: BIA section 65.1 (7), (8) and (9) 65.1 (1) If a notice of intention or a proposal has been filed in respect

More information

LOST NOTE BOND APPLICATION *CHECKLIST*

LOST NOTE BOND APPLICATION *CHECKLIST* Artisan Bonding & Insurance Services LLC 155 Rochester Street, Costa Mesa, CA 92627 Toll Free: 800-598-7535 Fax: 949-515-2984 Phone: 949-515-4194 www.artisanbonding.com LOST NOTE BOND APPLICATION CA License

More information

Visa Account Rates, Fees and Terms

Visa Account Rates, Fees and Terms Visa Account Rates, Fees and Terms INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases, Cash Advances, and Balance Transfers Visa Classic 8.9% to 17..9% Visa Platinum 8.4% to

More information

Real Estate Finance: Vermont

Real Estate Finance: Vermont View the online version at http://us.practicallaw.com/4-575-9565 Real Estate Finance: Vermont R. PRESCOTT JAUNICH AND KANE H. SMART, DOWNS RACHLIN MARTIN PLLC, WITH PRACTICAL LAW REAL ESTATE A Q&A guide

More information

PUBLIC PURPOSE SECURITY AGREEMENT (EQUIPMENT) PUBLIC PURPOSE SECURITY AGREEMENT dated as of,

PUBLIC PURPOSE SECURITY AGREEMENT (EQUIPMENT) PUBLIC PURPOSE SECURITY AGREEMENT dated as of, PUBLIC PURPOSE SECURITY AGREEMENT (EQUIPMENT) PUBLIC PURPOSE SECURITY AGREEMENT dated as of, ( Security Agreement ) made by, a not-for-profit corporation formed pursuant to Section of the Not-For-Profit

More information

visa platinum and visa secured Fax: (786) 845-3150 www.dcfcu.org

visa platinum and visa secured Fax: (786) 845-3150 www.dcfcu.org Dade County Federal Credit Union 1500 NW 107th Ave Doral, FL 33172 (305) 471-5080 (800) 299-7147 visa platinum and visa secured Fax: (786) 845-3150 www.dcfcu.org consumer credit card agreement In this

More information

VISA CLASSIC/VISA SECURED/VISA PLATINUM CONSUMER CREDIT CARD AGREEMENT

VISA CLASSIC/VISA SECURED/VISA PLATINUM CONSUMER CREDIT CARD AGREEMENT VISA CLASSIC/VISA SECURED/VISA PLATINUM CONSUMER CREDIT CARD AGREEMENT In this Agreement, Agreement means this Consumer Credit Card Agreement. Disclosure means the Credit Card Account Opening Disclosure.

More information

TWINSTAR CREDIT UNION PO BOX 718 OLYMPIA WA 98507-0718 (360) 357-9911

TWINSTAR CREDIT UNION PO BOX 718 OLYMPIA WA 98507-0718 (360) 357-9911 TWINSTAR CREDIT UNION PO BOX 718 OLYMPIA WA 98507-0718 (360) 357-9911 TwinStar Credit Union Visa Business Credit and Check Card Agreement THIS IS YOUR AGREEMENT WITH THE CREDIT UNION; PLEASE READ CAREFULLY.

More information

The Lien Handbook: An A to Z Guide on All Things Property Liens

The Lien Handbook: An A to Z Guide on All Things Property Liens The Lien Handbook: An A to Z Guide on All Things Property Liens Introduction Anyone who buys, sells or owns real property will likely deal with property liens at some point and in some fashion. Some property

More information

Incisive Business Guide to Factoring

Incisive Business Guide to Factoring Incisive Guide to Factoring Factoring Guide Summary This guide from Incisive outlines the features and benefits for your business from using factoring and invoice discounting services. Factoring is commonly

More information

Community Development Authority (CDA)

Community Development Authority (CDA) BUSINESS LOAN PROGRAM FACT SHEET 1. Who is eligible? Any industrial, commercial or mixed use development in Peabody is eligible. 2. What kind of financing is available? The Business Loan Program will finance

More information

Bankruptcy/Debt Collection

Bankruptcy/Debt Collection Bankruptcy/Debt Collection [ADVOCATE: Give caller advice per script. Check case acceptance list and refer to appropriate offfice for more services.] I. Explain Judgment Proof Judgment proof means you have

More information

IN THE COURT OF APPEALS OF OHIO SIXTH APPELLATE DISTRICT LUCAS COUNTY. Trial Court No. CI0201204717. Defendants Decided: May 15, 2015 * * * * *

IN THE COURT OF APPEALS OF OHIO SIXTH APPELLATE DISTRICT LUCAS COUNTY. Trial Court No. CI0201204717. Defendants Decided: May 15, 2015 * * * * * IN THE COURT OF APPEALS OF OHIO SIXTH APPELLATE DISTRICT LUCAS COUNTY Nicholas A. Tokles, et al. Appellants Court of Appeals No. L-14-1105 Trial Court No. CI0201204717 Directions Credit Union, Inc. v.

More information

IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF ARKANSAS HELENA DIVISION. IN RE: FRANKIE & BETTY MANCLE Case No.

IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF ARKANSAS HELENA DIVISION. IN RE: FRANKIE & BETTY MANCLE Case No. IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF ARKANSAS HELENA DIVISION IN RE: FRANKIE & BETTY MANCLE Case No. 2:03-bk-18756 Debtors. Chapter 13 ORDER Hillsboro Financial Services Associates

More information

THE END OF A BANKRUPT'S PERIOD OF BANKRUPTCY

THE END OF A BANKRUPT'S PERIOD OF BANKRUPTCY OFFICIAL TRUSTEE PRACTICE STATEMENT 4 THE END OF A BANKRUPT'S PERIOD OF BANKRUPTCY Date issued March 2013 Date last updated 2 March 2016 If you have any comments, suggestions or queries about an issue

More information

SECURED TRANSACTIONS: PRACTICAL THINGS EVERY BUSINESS LAWYER SHOULD KNOW ABOUT UCC ARTICLE 9. By Joseph H. Flack

SECURED TRANSACTIONS: PRACTICAL THINGS EVERY BUSINESS LAWYER SHOULD KNOW ABOUT UCC ARTICLE 9. By Joseph H. Flack SECURED TRANSACTIONS: PRACTICAL THINGS EVERY BUSINESS LAWYER SHOULD KNOW ABOUT UCC ARTICLE 9 By Joseph H. Flack At the outset, Normal M. Powell 1 captured the complexity of the law secured transactions.

More information

Presented by: David L. Rice, Esq. For CalCPA Pasadena Discussion Group. (c) David L. Rice

Presented by: David L. Rice, Esq. For CalCPA Pasadena Discussion Group. (c) David L. Rice Presented by: David L. Rice, Esq. For CalCPA Pasadena Discussion Group 1 Mortgage defaults and foreclosures are of a national concern. In 2011, nearly 5,000,000 borrowers are behind on their mortgage.

More information

Personal Loan. This document sets out your loan s terms and conditions. Some key information about your loan. Terms and Conditions

Personal Loan. This document sets out your loan s terms and conditions. Some key information about your loan. Terms and Conditions Personal Loan Terms and Conditions This document sets out your loan s terms and conditions In this document we ve explained the terms and conditions applying to your ANZ Personal Loan. It includes key

More information

Your rights when buying on credit

Your rights when buying on credit Your rights when buying on credit Anyone who offers you credit must be licensed by the Office of Fair Trading (OFT). Most consumer credit agreements are covered by the Consumer Credit Act 1974 and the

More information

e-cfr Data is current as of July 10, 2012

e-cfr Data is current as of July 10, 2012 Page 1 of 7 Home Page > Executive Branch > Code of Federal Regulations > Electronic Code of Federal Regulations e-cfr Data is current as of July 10, 2012 Title 13: Business Credit and Assistance PART 123

More information

Secured Transactions (LAW 615) Professor Keith A. Rowley William S. Boyd School of Law University of Nevada Las Vegas Fall 2011

Secured Transactions (LAW 615) Professor Keith A. Rowley William S. Boyd School of Law University of Nevada Las Vegas Fall 2011 Secured Transactions (LAW 615) Professor Keith A. Rowley William S. Boyd School of Law University of Nevada Las Vegas Introduction to Debtor-Creditor Law I. Key Players A. Obligor/Debtor: Someone obligated

More information

NC General Statutes - Chapter 45 Article 9 1

NC General Statutes - Chapter 45 Article 9 1 Article 9. Instruments to Secure Equity Lines of Credit. 45-81. Definitions. The following definitions apply in this Article: (1) Authorized person. Any borrower; the legal representative of any borrower;

More information

LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND

LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND Name of Applicant Phone Name of Business Phone Federal Tax 1.0. Number Type of Business Date Established Number of employees Current Retained Creating BANK

More information

LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC

LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC A MemberManaged Limited Liability Company OPERATING AGREEMENT THIS OPERATING AGREEMENT is made and entered into effective, 20, by and among: [list the

More information

FARM LEGAL SERIES June 2015 Mortgages and Contracts for Deed

FARM LEGAL SERIES June 2015 Mortgages and Contracts for Deed Agricultural Business Management FARM LEGAL SERIES June 2015 Mortgages and Contracts for Deed Phillip L. Kunkel, Jeffrey A. Peterson, Jason Thibodeaux Attorneys, Gray Plant Mooty INTRODUCTION Purchases

More information

11 U.S.C. 544 ORS 79.0109(1)(a) ORS 71.2010(37)(a) ORS 79.0102(pp) ORS 79.0102(iii) ORS 79.0109(4)(g) ORS 79.0309(2) ORS 79.0102(b) ORS 79.

11 U.S.C. 544 ORS 79.0109(1)(a) ORS 71.2010(37)(a) ORS 79.0102(pp) ORS 79.0102(iii) ORS 79.0109(4)(g) ORS 79.0309(2) ORS 79.0102(b) ORS 79. 11 U.S.C. 544 ORS 79.0109(1)(a) ORS 71.2010(37)(a) ORS 79.0102(pp) ORS 79.0102(iii) ORS 79.0109(4)(g) ORS 79.0309(2) ORS 79.0102(b) ORS 79.0310(3) Cohen v. Houston et al, Adversary No. 02-3586 In re Cohen,

More information

Texas Assignment of Rents Act (TARA) Presented by Dan Hopper TKREB CLE April 22, 2014

Texas Assignment of Rents Act (TARA) Presented by Dan Hopper TKREB CLE April 22, 2014 Texas Assignment of Rents Act (TARA) Presented by Dan Hopper TKREB CLE April 22, 2014 TARA - Generally Texas Assignment of Rents Act (a/k/a TARA) Chapter 64 of the Texas Property Code Effective June 17,

More information

Credit Card Agreement for Neiman Marcus/Bergdorf Goodman in Capital One, N.A.

Credit Card Agreement for Neiman Marcus/Bergdorf Goodman in Capital One, N.A. Credit Card Agreement for Neiman Marcus/Bergdorf Goodman in Capital One, N.A. There are two parts to this Credit Card Agreement: Capital One Pricing Information and the Capital One Customer Agreement.

More information

Credit Card Agreement Visa Classic Credit Card

Credit Card Agreement Visa Classic Credit Card Credit Card Agreement Visa Classic Credit Card Part I Interest Rates and Interest Charges Visa Annual Percentage Rate (APR) for Purchases 17.99% Fixed APR for Balance Transfers 17.99% Fixed APR for Cash

More information

MasterCard Agreement

MasterCard Agreement The terms governing the use of this account are enclosed. These terms may be amended or supplemented by separate notices to you, including any notices you have previously received from us. The disclosures

More information

Travis County Credit Union MasterCard Credit Card Agreement & Truth in Lending Disclosure

Travis County Credit Union MasterCard Credit Card Agreement & Truth in Lending Disclosure Travis County Credit Union MasterCard Credit Card Agreement & Truth in Lending Disclosure Please retain for personal records This is your MasterCard Credit Card Agreement and Truth-In-Lending disclosure.

More information

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Debtfocus Business Recovery & Insolvency Ltd In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Content highlights Before you read this guide in detail, you

More information