Rimon

Entries tagged “loan market”

Default Interest Is Enforceable in Bankruptcy Except When It’s Not

insights Default Interest Is Enforceable in Bankruptcy Except When It’s Not Douglas J. Schneller · Default Interest Is Enforceable in Bankruptcy Except When It’s Not John J. Hanley · August 21, 2018

Default interest is a very common feature in all manner of lending transactions in today’s market.  However, few legal issues have created more confusion or generated more litigation.  Bankruptcy courts, in particular, have struggled with the issue but have failed to develop a consistent framework.  There are many pitfalls but a conscientious lender can take…

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Top Ten Issues to Consider When Dealing with Loan Participations

insights Top Ten Issues to Consider When Dealing with Loan Participations Douglas J. Schneller · Top Ten Issues to Consider When Dealing with Loan Participations John J. Hanley · July 24, 2018

Rimon Partners, John Hanley and Douglas Schneller, have an important update titled “Top Ten Issues to Consider When Dealing with Loan Participations”. Loan participations can be an effective way for lenders to reduce their exposure to a borrower’s credit and manage their loan portfolios and liquidity, and for investors to acquire an interest in a loan without becoming a…

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Client Alert: Only in New York? Assignee Permitted to Enforce Mortgage Without Being Holder of the Note

insights Client Alert: Only in New York? Assignee Permitted to Enforce Mortgage Without Being Holder of the Note Douglas J. Schneller · June 9, 2017

Can an assignee of an interest in a mortgage and mortgage note by way of a written assignment enforce the underlying obligations under New York law if the original note was not delivered and indorsed to it? On May 31, 2017, in an unsigned opinion that will interest sellers and buyers of loans and other…

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