Bringing California Law Into Focus
|
|
Electronic filing has finally arrived in LA County
|
|
Beginning on January 2, 2019, the Los Angeles County Superior Court made electronic document filing mandatory in Civil Unlimited cases. The Federal and Bankruptcy Courts already require electronic filing and allow electronic signatures as do many counties in California, including Orange County.
Why is this important?
Because LA County has the largest population in the US by almost double.
This finally brings the County into the digital age. In my early years, we would dictate client declarations, have secretaries type them, send them to clients for signature by fed x, wait for them to be returned by fed x, blue back the documents and then send a runner down to the court and pray the papers would be filed timely. Now, in many cases, preparation through filing can be done on the same day.
22917 Burbank Blvd.
Woodland Hills, CA 91367-4203.
(818) 888-2220
Regards
(Selected for Inclusion in 2019 SuperLawyers Magazine-10th consecutive year)
|
|
State usury laws differ significantly from state to state. “Usury is the exacting, taking or receiving of a greater rate than is allowed by law, for the use or loan of money.” O’Connor v. Televideo System, Inc. 218 Ca3rd 709, 713 (1990). It is a fundamental policy of the State of California that any party engaging in a non-exempt loan transaction must comply with the state law that limits usury. What are the elements of usury under California Law?
|
|
The U.S. Court of Appeals for the Ninth Circuit decided a case in early December of 2018 that decided the following question: when a borrower effectively rescinds a loan under TILA, but the lender takes no action to wind up the loan, when must a borrower file suit to enforce the rescission?
Read More
|
|
The California Residential Mortgage Lending Act (CRMLA) and the California Financing Law (CFLL), respectively in code sections
Cal. Fin. Code §50318
and
Cal. Fin. Code §22169
, allow the state’s Commissioner of Business Oversight to take action against licensees that violate California law, including provisions of the CRMLA and CFLL. These statutes grant the Commissioner the authority to suspend, bar or censure the licenses of any individual or entity, including residential mortgage lenders, residential mortgage loan servicers, and mortgage loan originators.
Read More
|
|
Since its inception in 1986, Glass & Goldberg has earned an unparalleled reputation in both litigation and transactional matters in the areas of commercial finance law, regulatory compliance with lender licensing, corporate restructuring, equipment leasing, secured and unsecured transactions, creditor rights, business litigation, real estate, commercial mortgage back securities and insolvency law. Glass & Goldberg specializes in the representation of creditors, businesses and real estate owners, including major banks, equipment lessors, vehicle lessors, credit and capital corporations, factors, finance companies, thrifts and other funding sources and lenders.
Click
here
to learn about what we can do for you.
|
|
|
|
|
|
|
