Morgan & Pottinger, P.S.C. announced today that Michael Troutman has joined the firm’s Louisville office as a senior associate. Troutman’s practice focuses on business law and litigation, family law, employment and labor law, and estate planning. “Michael brings strong …
Morgan & Pottinger Welcomes Commercial Transactions Attorney Sharon C. Hardy
Morgan & Pottinger, P.S.C. announced today that Sharon C. Hardy has joined the firm’s Louisville office as a member. Hardy’s practice concentrates on commercial transactions, including commercial real estate finance and asset-based lending. Her commercial real estate practice …
John McGarvey to Emcee 2017 Kentucky Bankers Association Annual Convention
The Kentucky Bankers Association (KBA) has invited John McGarvey to emcee the 2017 KBA Annual Convention. The event will take place on Sept. 24-27, in Asheville, NC. The theme of this year’s conference is “Strong Roots, Bright Tomorrow.” John’s practice concentrates on secured …
Kentucky Adopts Bright Line Standards for Grantor and Grantee Names in Deeds
Lenders now have bright line rules for the “full name” of grantors and grantees names in deeds to real property. An amendment to KRS 382.135, enacted by the 2017 Legislature, effective June 29, 2017, adopts the UCC Article 9 rules for the names of individual grantors and …
Sunderland to Speak at KBA Collections Seminar
Mindy Sunderland will be the featured speaker at the Kentucky Bankers Association's upcoming Collections Seminar on May 11. The program will focus on a lender’s overall collection approach to defaulted loans and will involve discussions on enforcing security interests, workout …
Mindy Sunderland Named Among Top Women in Business in Kentucky
The Lane Report has named Mindy Sunderland among its annual list of Top Women in Business in Kentucky. Click here to read her story in the October issue. Mindy joined M&P 13 years ago after attending the University of Kentucky College of Law (2003) and Transylvania …
Recent Jury Verdict Highlights Importance of Correctly Completing Consumer Disclosure Forms
A recent jury verdict in the Circuit Court of Jefferson County, Ky., highlights the importance of correctly completing consumer disclosure forms. In Brown v. Kentuckiana Auto Mart, LLC, No. 14-CI-005864, the jury awarded the purchasers of a motor vehicle damages of $3,442 plus an …
CFPB Publishes Proposals for Revisions to the FDCPA
On July 28, 2016, the Consumer Financial Protection Bureau (the “CFPB”), under the authority granted to it by the Dodd-Frank Act, published its outline of proposals for revisions to the Fair Debt Collections Practices Act (“FDCPA”). The proposals, if enacted, would apply to …
The Professional Service Corporation and “Qualified Persons”
When extending credit to a Professional Service Corporation (herein, “PSC”) in Kentucky, lenders should take note of important statutory distinctions between a PSC and other entity borrowers. KRS Chapter 274 sets forth specific requirements related to a “Qualified Person” that …
CFPB and Regulators Issue Guidance on Consumer Deposit Account Discrepancies
On May 18, 2016, the federal financial institutions regulatory agencies—the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Consumer Financial Protection Bureau—served official …