April | 2019 | Alabama Bank News

Major Court Victory for Alabama Banks

Industry Reports, Legal

Alabama banks had a big day in court last Friday, as the Alabama Supreme Court withdrew a harmful 2018 opinion related to future advance mortgages. In September 2018, the Court ruled in GHB Construction v. West Alabama Bank & Trust that a future advance ...Read More

Compliance Q&A: Business Loans and Personal Guarantees

Breaking, Compliance Q&A, Industry Reports, Publications

Question: On a business loan where we have personal guarantees, do we have to check MLA on the guarantees, since they are acting as individuals? Answer: No, because a business loan is not a covered transaction under the MLA. The MLA applies to ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal

by Charles W. Prueter Today, in an homage to federalism, the Update takes a look at a recent decision from the Supreme Court of Alabama that undoubtedly is of interest to the banking and financial services community. As readers will know, the Supreme Court ...Read More

Monthly Archive:: April 2019