When a commercial mortgage lender sets out to enforce a mortgage loan following a borrower default, a key goal is to identify the most expeditious manner in which the lender can obtain control and possession of the underlying...more
6/6/2025
/ Bankruptcy Code ,
Borrowers ,
Commercial Mortgages ,
Debt Restructuring ,
Deed-in-Lieu of Foreclosure ,
Foreclosure ,
Insolvency ,
Lenders ,
Real Estate Transactions ,
Title Insurance ,
Transfer Taxes
The Corporate Transparency Act (CTA), which was passed by Congress in 2021 and is administered by the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury, will become effective on January 1,...more
9/25/2023
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Covered Entities ,
Customer Due Diligence (CDD) ,
Effective Date ,
Financial Crimes ,
FinCEN ,
Lenders ,
Limited Liability Company (LLC) ,
Mortgage Lenders ,
Proposed Legislation ,
Reporting Requirements
The 2023 Regular Session of the Connecticut General Assembly, which concluded on June 7, 2023, saw the passage of several acts that will be of interest to real estate owners and investors. The following is a brief description...more
During the 2021 Legislative Session, Connecticut adopted a new receivership law based on the Uniform Commercial Real Estate Receivership Act (“UCRERA”) which became effective on July 1, 2023. The UCRERA was drafted by the...more