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 …
Court of Appeals Adopts 1:1 Ratio for Punitive Damages in Actions Involving Sophisticated Parties Suffering Only Economic Loss
Grant Thornton, LLP v. Yung, No. 2014-CA-001957-MR 2016, Ky. App. LEXIS 164 (Ct. App. Sep. 16, 2016), which is pending before the Kentucky Supreme Court on a motion for discretionary review, involved an action by the 1994 William J. Yung Family Trust (“Trust”) against accounting …
KYLTA, KBA and Fayette County Clerk Request Opinion on HB 422 – KRS 382.135
Since the passage of House Bill 422 ("HB 422") in the 2016 General Assembly, the Fayette County Clerk, members of the Kentucky Banker's Association (KBA) and members of the Kentucky Land Title Association (KYLTA) have received numerous inquiries from lenders, practitioners, and …
Protecting a Lender’s Interest in a Mobile Home or Manufactured Home in Kentucky
A lender must have a basic understanding of Kentucky law to properly protect its interest in a mobile home or manufactured home. First, the lender must confirm that the mobile home is considered personal property and properly titled in the name of its debtor. Mobile homes are …
Mindy Sunderland to chair the University of Kentucky’s Biennial Collection Law Conference on April 18. John McGarvey and Thurman Senn to present.
Mindy Sunderland to chair the University of Kentucky’s Biennial Collection Law Conference on April 18. John McGarvey and Thurman Senn to present. Mindy Sunderland will chair the University of Kentucky’s Biennial Collection Law Conference on April 18 in Lexington, Ky. John …