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Documents on Government, Banking & Financial Services, Defense
 

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HTMLHouse Passes Two Appropriations Bills: Obama Threatens To Veto
McDonald Hopkins LLC;
Legal Alert/Article
June 11, 2013, previously published on June 7, 2013
This week, the House of Representatives passed the annual appropriations bills for Veterans Affairs and Homeland Security. The Veterans Affairs bill passed 421 to 4 and the Homeland Security bill passed the House by a vote of 245 to 182.

 

HTML2013 Maryland Legislation - Some Laws Effective July 1
Gordon Feinblatt LLC;
Legal Alert/Article
June 10, 2013, previously published on June 2013
Our Maryland Laws Update is close to being published - look for it to arrive in your email box this month. Please note that we only will be providing the Update in electronic format this year.

 

HTMLMA to Issue AA+ $100m of Green Bonds on June 4
Jordan Collins; Skadden Arps Slate Meagher Flom LLP;
Legal Alert/Article
May 27, 2013, previously published on May 24, 2013
The State of Massachusetts announced that on June 4, 2013, it will issue $100 million of Green General Obligation Bonds (“GO Green Bonds”) underwritten by Bank of America Merrill Lynch.

 

HTMLMunicipal Liens vs. Mortgages: Florida’s Supreme Court Rules on Superpriority Issue
Douglas L. Waldorf; Rogers Towers, P.A.;
Legal Alert/Article
May 24, 2013, previously published on May 21, 2013
In my April 18th post, I discussed the recent trend of municipalities enacting ordinances designed to give their code enforcement liens “superpriority” over prior-recorded mortgages. Basically, the municipalities have sought to achieve for their liens the same priority as that afforded...

 

HTMLRule Development Underway on Florida's Fire Prevention Code
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
May 24, 2013, previously published on May 21, 2013
Public written comments and proposals are being sought by the Florida Department of Financial Services' Division of State Fire Marshal to develop the 2013 edition of the Florida Fire Prevention Code, with a focus on Florida-specific amendments to the 2013 editions of NFPA 1 (2012 edition) and NFPA...

 

HTMLBanking Bill Introduced
McDonald Hopkins LLC;
Legal Alert/Article
April 30, 2013, previously published on April 26, 2013
As expected, this week Senator Sherrod Brown (D-OH) and Senator David Vitter (R-LA) introduced a banking reform bill aimed at financial firms with more than $500 billion in assets. The Brown/Vitter bill would require those firms to hold a minimum of 15 percent capital to cover for potential losses.

 

HTMLChange is in the Cards - The Federal Government Contemplates Extending the Anti-Money Laundering Regime to Prepaid Cards
Brandon Barnes, Eric Belli-Bivar; Davis LLP;
Legal Alert/Article
April 15, 2013, previously published on April 10, 2012
The Federal government, in line with other states internationally, is considering steps to strengthen the anti-money laundering (“AML”) legislative regime, specifically the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. AML laws in Canada and elsewhere target payment...

 

HTMLMSRB Proposes Changes To MSRB Rule G-19 On Suitability To Harmonize With FINRA’s Rule 2111, But With Notable Departures From The FINRA Rule
W. Hardy Callcott, Christina N. Davilas; Bingham McCutchen LLP;
Legal Alert/Article
April 4, 2013, previously published on March 27, 2013
In MSRB Notice 2013-07 (March 11, 2013), the Municipal Securities Rulemaking Board is seeking comment on proposed revisions to MSRB Rule G-19 on suitability. The proposed revisions aim to harmonize MSRB Rule G-19 with FINRA’s suitability rule, Rule 2111, which underwent its own sweeping...

 

HTMLSecuring Multiple Loans with a Single Deed of Trust Does Not Affect Lien Priority in Foreclosure
Best Best Krieger LLP;
Legal Alert/Article
March 11, 2013, previously published on March 4, 2013
The California Court of Appeal (Second District) recently determined that the lien priority of multiple loans secured by a single deed of trust must be determined separately for each individual loan. As a result, secured lenders should analyze the priority position of their loans on an individual...

 

HTMLAre You Complying with the OCC’s Accounting Requirements?
Weltman Weinberg Reis Co. L.P.A.;
Legal Alert/Article
March 11, 2013, previously published on March 08, 2013
The Office of the Comptroller of the Currency (“OCC”) is an independent bureau within the United States Treasury Department. The OCC's primary mission is to charter, regulate, and supervise all national banks and federal savings associations (“banks”). One of the goals of...

 


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