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Natalie M., Credit Manager, National Bank, Chicago, IL
We're continuing our examination of control agreements for pledged securities accounts with guest blogger Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. See the introductory post here and the follow-up post, Is there adequate “control” language in the control agreement?
Has the Broker subordinated its statutory first priority security interest in the Securities Account to the Lender's security interest in the Securities…READ MORE
We continue our examination of control agreements for pledged securities accounts with guest blogger Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. For more background on control agreements, see our introductory post here.
Is there adequate "control" language in the control agreement?
Some control agreements we reviewed failed to contain the necessary language required for the Lender to be deemed in "control" of the…READ MORE
As a lender, you need to know immediately if your customer is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE guide you will find:
Top 5 Mistakes to Avoid on UCC Financing Statements
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We are pleased to welcome back attorney Bennett Cohen of Illinois law firm Cohen, Salk and Huvard, P.C. as a guest blogger! Over the next few weeks, Mr. Cohen will share his expertise on the topic of control agreements for pledged securities accounts.
Examining Issues with Control Agreements for Pledged Securities Accounts - Introduction
Control agreements for pledged securities accounts come in all shapes and sizes, and it is…READ MORE
Figuring out how to describe the collateral on a UCC Financing Statement to best protect your interests can be confusing. In fact, one of the most common questions FCS hears from customers and prospects is "What collateral language should I use on my UCC filing to make sure we’re protected?"
Bradley B. Clark answers that question and more in this webinar presentation.
From the California Escrow Association:
CEA and CLTA have been strongly opposing AB 2416 (Stone). AB 2416 was heard on the Senate Floor on Thursday, August 28, and failed, but was granted reconsideration, meaning it may come up for a vote again. Though we’ve heard about possible amendments underway, none that we are aware of would remove our concerns.
Please see here for their original post. READ MORE