In Unifund CCR Partners v. Harrell, a recent case involving collection of an open-end consumer credit card account, the Kentucky Supreme Court held that by entering a written contract specifying interest at a contract rate in excess of 8%, the lender extinguished its right to …
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 …
John McGarvey to Emcee 125th Kentucky Bankers Association Annual Convention
The Kentucky Bankers Association (KBA) has invited John McGarvey to emcee the 125th KBA Annual Convention. The event will take place on Sept. 17-20, in Palm Beach. The theme of this year’s conference is “Built on Tradition, Focused on the Future.” John’s practice concentrates …
Morgan & Pottinger Attorneys Named 2016 Kentucky Super Lawyers & Rising Stars
Morgan & Pottinger is pleased to announce that several of the firm’s attorneys have been named 2016 Kentucky Super Lawyers®, recognizing excellence in several practice areas. Selections are made on an annual, state-by-state basis and no more than five percent of the lawyers …
McGarvey receives top honor from Best Lawyers in America® for Banking and Finance Law in Louisville
Best Lawyers in America® has named John McGarvey the “Lawyer of the Year” for Banking and Finance Law in Louisville. Only one lawyer per practice area is honored in each community. McGarvey is a shareholder with Morgan & Pottinger, P.S.C. McGarvey was also selected by his …
McGarvey Appointed Division Chair for Uniform Law Commission and to Permanent Editorial Board for the UCC
After serving for two years as chair of the Uniform Law Commission Legislative Council, John McGarvey has now been appointed to serve as Chair of Division E of the Uniform Law Commission from July 16, 2015, through the end of the Annual Meeting in July 2017. Among his new duties …
John McGarvey to Emcee 124th Kentucky Bankers Association Annual Convention
The Kentucky Bankers Association (KBA) has invited John McGarvey to emcee the 124th KBA Annual Convention. The event will take place on Sept. 19-22, in Hilton Head, South Carolina. The theme of this year's conference is "Navigating the Future in Changing Times." The Westin …
New Requirements for Financing Statements in New Jersey
New Jersey, effective May 11, 2015, adopted non-uniform amendments to Article 9, section 502, that adds additional requirements to how debtors and secured parties are named and how collateral is described in a financing statement. A secured party’s failure to follow the new …
John McGarvey selected to attend National Security Forum
MAXWELL AIR FORCE BASE, Ala. -- John McGarvey has received and accepted a personal invitation from the Secretary of the Air Force to attend the 62nd annual National Security Forum at the Air War College, Maxwell Air Force Base, Alabama. The purpose of NSF is to expose influential …
Update On New York’s Enactment of the 2010 Amendments to UCC Article 9
On December 17, 2014, the Governor of New York signed the legislation enacting the 2010 Amendments to Article 9 of the Uniform Commercial Code and Revised Articles 1 and 7. The new law took effect immediately. As New York did not include the transition rules of the 2010 …