Monthly Archive:: January 2020

Question: Can I use proof of disclosing the Closing Disclosure to the borrower from the Title Company, or does the proof have to be from us the Lender?   Answer: As far as specific evidence of delivery for the Closing Disclosure, Reg. Z doesn’t ...Read More

by Michael Rediker and Mike Murphey, Porter White & Co. The Financial Accounting Standards Board (“FASB”) has mandated a new methodology known as Current expected Credit Loss (“CECL”) to calculate a bank’s Allowance for Loan and Lease Losses (“ALLL”). Currently, ALLL estimates charges over ...Read More

by Marc Adesso and Kevin Tran, Waller Evolution of Federal Hemp Legislation For decades, federal law failed to distinguish hemp from other varieties of the cannabis plant, all of which were made illegal under the Controlled Substances Act of 1970 (the “Controlled Substances Act”).  ...Read More

Question: We do business in a state with dower rights. I just want to make sure that a spouse who is not on the title to real estate but uses the home as a primary residence does not receive the right to rescind—is this ...Read More

R. Kane Burnette and Alan K. Zeigler, Bradley It doesn’t matter which of Alabama’s 67 counties you live in – there’s a county board of education in your county, and that board has a fleet of the familiar school-bus yellow school buses transporting students ...Read More