News & Insights

News

"No-Fee" Mortgage Lenders May Not Collect Closing Costs Upon Prepayment

By: Alan M. Grochal
May 8, 2013
A new ruling by the Court of Appeals of Maryland prohibits banks and lending institutions from recapturing closing costs on "no-fee" mortgages that are subsequently prepaid by the mortgagor.  Lenders who offer these types of mortgages will now have to "eat" the closing costs on prepaid mortgage... Read more >
Insights

Hart-Scott-Rodino Act

By: A. Lee Lundy
May 8, 2013
Consider this:  Ten years ago your client, an executive officer with his company, purchased (or received) stock in his company valued at $10 Million.  Next week, he is going to receive restricted stock from his company with a current market value of $8 Million.  The original $10MM in ... Read more >
Insights

Auto Lenders Are Now Better Protected in Consumer Bankruptcies

By: Alan M. Grochal
May 8, 2013
With the Bankruptcy Abuse Prevention and Consumer Protection Act's (BAPCPA) sweeping revisions to the bankruptcy code came a new provision that had caused uncertainty for auto lenders nationwide.  This provision, which prohibits consumer debtors from breaking down claims for certain auto loans ... Read more >
News

What the HITECH Act Means to Employers and Other Businesses

By: Melissa Calhoon Jones
May 8, 2013
On August 24, 2009, the U.S. Department of Health and Human Services published new regulations in the Federal Register that detail the obligation of covered entities to notify employees and, in some cases, the media and Secretary of Health, in the event of breaches of unsecured protected health info... Read more >
Insights

Chances of IRS Audit are Higher for Sole Proprietors

By: A. Lee Lundy
May 8, 2013
Consider this: You have a hobby or skill that you have decided, because of retirement, job cutbacks, or other considerations, you want to pursue as a side or small business that will probably generate income. You have received good advice that you should consider forming a single member limited lia... Read more >