Creating a comprehensive estate plan is one of the most invaluable things you can do for yourself and your family. Done properly, your estate plan allows for financial and medical decision-making in the event of your incapacity or disability, avoids costly and burdensome …
OCC Issues Final Rule Protecting National Bank and Federal Savings Association Assignees from Usury Claims
On June 1, 2020, the Office of the Comptroller of the Currency (OCC) issued a final rule protecting national bank assignees from claims of usury. The final rule also protects assignees from federal savings associations. The final rule is a response to problems created by the …
Property Owners Told “Wait Until Next Year” for Property Tax Relief
The COVID-19 pandemic has adversely affected many segments of our society, and property owners are among the groups that have suffered serious economic impacts. The hospitality industry has seen income from hotels, restaurants, casinos and entertainment venues evaporate as …
What to Know About Notary Law Changes in Kentucky
Join John McGarvey and Olivia Slusher of Morgan Pottinger McGarvey for this Kentucky Bankers Association (KBA) Virtual Program on June 17. John and Olivia will provide an update on recent changes to Kentucky Notary Laws. What to Know About Notary Law Changes in KentuckyJune 17 …
Sunderland recognized as Enterprising Women honoree
Louisville Business First has recognized MPM Managing Director Mindy Sunderland as a 2020 Business Women First Enterprising Women honoree. More than 100 outstanding women across the community were nominated. Business First editors selected just 20 winners, using the criteria …
Sunderland weighs in on municipal bankruptcies
Mindy Sunderland MPM Attorney Mindy Sunderland weighed in on Senate Majority Leader Mitch McConnell's suggestion of bankruptcy for cities and states. As reported by WAVE 3, federal law currently does not allow states to file for bankruptcy. In an interview last Wednesday with …
Families First Coronavirus Response Act – A Brief Overview
The Families First Coronavirus Response Act became effective April 2. The Department of Labor published regulations on April 6. This is a brief overview of the portions of these complex and hurriedly written statutes and regulations addressing sick pay and …
Kentucky Extends Property Tax Calendar
In light of the ongoing COVID-19 State of Emergency declared by Governor Beshear, and the effect of the State of Emergency on the operations of state and local government offices, the Kentucky Department of Revenue has taken a number of steps to extend the 2020 property tax …
DFI Commissioner authorizes Kentucky banks to close branches during COVID-19 Emergency
The Kentucky Department of Financial Institutions Commissioner, Charles Vice, will issue a proclamation later today authorizing Kentucky banks to close branches as they deem appropriate to protect their employees and customers. Instead of the normal pre-approval process, only a …
Kentucky Court of Justice Response to COVID-19 Emergency
On March 6, 2020, Governor Beshear entered Executive Order 2020-215 and declared a State of Emergency in response to the novel coronavirus (COVID-19) emergency in the Commonwealth. In light of this measure and to protect the health and safety of court employees, elected …