The Task Force on Surveys of State Laws is pleased to announce that the ABA has published its new book Commercial Lending Law; A State-by-State Survey. It is available from the ABA webstore--click here.
The book contains a chapter on the laws of each of the 50 states plus the District of Columbia and Puerto Rico. Each chapter is organized in a similar format and contains a detailed discussion of the local laws and practice relevant to commercial lending, real estate lending and equipment leasing, generally including sections on the following topics, among many others:
- State-specific loan document provisions required by local law
- Need for qualification to do business as a lender in the state
- Licensing and taxation of lenders
- Interest and usury
- Borrower types (e.g., corporations, partnerships, limited liability companies, trusts, etc.)
- Marital property laws and personal exemptions from execution
- Real estate secured lending (including security instruments available, mechanics liens, recording laws, title insurance and foreclosure procedures)
- Personal property secured lending
- Equipment leasing
- Environmental laws
- Miscellaneous laws of interest to commercial lenders
The book represents several years of work by dedicated contributors from around the country and is a unique resource for lawyers dealing with commercial loans in multiple states as well as a highly useful reference for those interested in a thorough treatment of commercial lending laws in a single state.
