RESULTS FOR CATEGORY: Banking Law
Feb. 2, 2015 – Jeffrey J. Andersen, Iowa Banking Law Blog
Small financial institutions should understand the seven key changes in a CFPB proposal for mortgage regulations.
Iowa Supreme Court limits a lender’s right to remedy of implied warranty of workmanlike construction
Feb. 1, 2015 – Benjamin D. Bruner, Iowa Banking Law Blog, Iowa Real Estate & Land Use Blog
In its decision the court reasoned that the implied warranty should not be extended to lenders due to the fact that lenders can protect themselves against construction defects in other ways.
Jan. 27, 2015 – John E. Lande, Iowa Banking Law Blog
…Target may have violated Minnesota’s Plastic Card Security Act. The law governs company retention of customer information. The court concluded that since Target is based in Minnesota the law applies to Target transactions regardless of whether they occur in Minnesota or not.
Jan. 23, 2015 – John E. Lande, Iowa Banking Law Blog
The Truth in Lending Act allows consumers to rescind certain loans within three days of consummation of the loan if they receive TILA disclosures, and up to three years after the date of the transaction if no disclosures are provided.
Banks beware: If your borrower receives Medicaid reimbursement payments from the state, your first priority interest may be in jeopardy
Jan. 14, 2015 – Joseph M. Borg, Iowa Banking Law Blog
A relatively new statute signed into law in July of 2013 poses a significant threat to lenders’ secured collateral when dealing with borrowers who receive Medicaid reimbursement payments from the State.