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For Finance Lenders, The Times They Are A-Changing | Allen Matkins


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The California Financing Law (fka Finance Lenders Law) requires that persons engaged in the business of making loans be licensed by the Department of Financial Protection & Innovation (fka Department of Business Oversight fka Department of Corporations).  Both consumer and commercial lenders are subject to the CFL, including those that make residential mortgage loans.  The DFPI has for some time required residential mortgage lenders and brokers to file license applications through the Nationwide Multistate Licensing System (NMLS).  Other lenders used the infamous long form application.  Recently, however, the DFPI has announced that non-residential mortgage lenders and brokers may apply through the NMLS.  ....

United States , Allen Matkins , Department Of Business Oversight , Department Of Corporations , Department Of Financial Protection Innovation , California Financing Law , Finance Lenders Law , Financial Protection , Business Oversight , Nationwide Multistate Licensing System , ஒன்றுபட்டது மாநிலங்களில் , ஆலன் மாட்கீன்ஸ் , துறை ஆஃப் வணிக ஓவர்‌ஸைட் , துறை ஆஃப் நிறுவனங்கள் , துறை ஆஃப் நிதி ப்ரொடெக்ஶந் கண்டுபிடிப்பு , கலிஃபோர்னியா நிதி சட்டம் , நிதி கடன் வழங்குநர்கள் சட்டம் , நிதி ப்ரொடெக்ஶந் , வணிக ஓவர்‌ஸைட் , நாடு முழுவதும் மல்டிஸ்டேட் உரிமம் அமைப்பு ,

The SEC's Has A Rule For That (Sort Of) . . . | Allen Matkins


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John Jenkins at DealLawyers.com took note of this recent blog by Professor Ann Lipton concerning the stockholder vote at The Tribune Publishing Company.  The gist of both these blogs was the decision by a 24% stockholder in the Tribune to return a signed, but unmarked proxy card.   John concludes:
When you’re drafting a proxy statement, it’s easy to get bogged down trying to process the implications of abstentions and broker non-votes, but the bottom line is that if arecordholder returns a signed but unvoted proxy card, that’s neither an abstention nor a non-vote.  Instead, it’s an authorization for the proxy holders to exercise their discretionary authority in the manner laid out in the card.  If you’re a record holder, sometimes not to decide is to decide. ....

United States , Ann Lipton , Allen Matkins , Exchange Commission , Tribune Publishing Company , Professor Ann Lipton , Tribune Publishing , Proxy Card Specify , ஒன்றுபட்டது மாநிலங்களில் , ஆண்டு லிப்டன் , ஆலன் மாட்கீன்ஸ் , பரிமாற்றம் தரகு , ட்ரிப்யூன் வெளியீடு நிறுவனம் , ட்ரிப்யூன் வெளியீடு ,