Commercial Lending
BuckleySandler represents banks, commercial lenders, insurance companies, investment funds, private equity funds, hedge funds and investment advisors on a range of federal and state regulatory issues related to their business. In particular, we regularly advise clients on:
- State licensing requirements applicable to brokers, lenders, servicers, collectors and investors of commercial loans and leases, including equipment leases and loans, mezzanine loans, mortgage loans, and unsecured loans
- Home Mortgage Disclosure Act (HMDA) reporting and record keeping
- Equal Credit Opportunity Act (ECOA) compliance, including new requirements for data collection in connection with small businesses and minority-owned business under the Dodd-Frank Act
- Community Reinvestment Act (CRA) compliance
- Bank Secrecy Act/Anti-Money Laundering/OFAC requirements
- Fair Credit Reporting Act (FCRA)
- Flood Insurance requirements
- Appraisal requirements
- State usury laws and loan fee limitations
- Unfair and Deceptive Acts and Practices laws
- State debt collection laws, including collection practices limitations applicable to commercial finance transactions
- State licensing related compliance requirements, including record keeping, reporting and regulatory examinations
For clients whose activities subject them to state licensing, our licensing team is available to provide full-service assistance to apply for and obtain requisite licenses.