Ballard Spahr LLP
Vermont Updates Mortgage Broker Rules

The Vermont Department of Financial Regulation has adopted regulations that update the rules for the licensing and regulation of mortgage brokers. The regulation sets forth standards on: · Individuals who may be authorized to act as a mortgage...

Babst Calland
Pennsylvania Amends Mechanics’ Lien Law to Create New Notice Procedures and Requirements

By James D. Miller, Esq. On October 14, 2014, Governor Tom Corbett signed into law Act No. 142 (the “Act”), [ enhanced version available to lexis.com subscribers ], amending the Pennsylvania Mechanics’ Lien Law, 49 P.S. 1101 et...

Ballard Spahr LLP
District Court Issues Crucial Ruling on Pennsylvania's Recording Statute

The U.S. District Court for the Eastern District of Pennsylvania has held, [ enhanced version available to lexis.com subscribers ], that the failure to create and record written instruments evidencing assignments of mortgages and transfers of promissory...

Ballard Spahr LLP
Condominium Unit Sales Exempt from Registration under ILSFDA

By Christopher W. Payne, Roger D. Winston, Timothy P. Martin, and Joseph E. Lubinski The sale of condominium units will no longer be subject to the registration requirements of the Interstate Land Sales Full Disclosure Act (the ILSFDA), [ enhanced...

Ballard Spahr LLP
D.C. Court of Appeals, Nevada Supreme Court Extinguish Lender's Mortgage Lien Following Association Lien Foreclosures

By Roger D. Winston and Joseph E. Lubinski A recent decision by the District of Columbia Court of Appeals, [ enhanced version available to lexis.com subscribers ], brings into renewed focus the tension between condominium/homeowner associations...

Babst Calland
Does Pennsylvania Law Permit Contractors And Owners To Extend the Six-Month Filing Deadline By Agreement?

By Dylan B. Spadaccino It is not uncommon for a subcontractor, for example, to call his or her attorney regarding filing a lawsuit against the prime contractor, 13 months after the dispute arose, only to learn that buried deep within the 50 page, single...