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Allen Matkins

Court Finds Failure To Obtain Finance Lenders' License Does Not Render Commercial Loan Unenforceable, Illegal Contracts

Allen Matkins on

The California Financing Law provides that “[n]o person shall engage in the business of a finance lender or broker without obtaining a license from the commissioner.”   Cal. Fin. Code § 22100(a).  The CFL further provides...more

Jackson Walker

Federal Court Allows Bank to Utilize Eligibility Restrictions for Paycheck Protection Program Loans

Jackson Walker on

A Maryland Federal Court denied an emergency motion seeking to block a bank from applying eligibility restrictions to its lending under the recently enacted Paycheck Protection Program (PPP). In the case of Profiles Inc. v....more

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