The Commercial and Banking Law Group provides services to its banking, investing and lending clients designed to increase productivity and minimize unnecessary expense and delay. We recognize the importance of prompt response to requests for assistance in transactions. We provide specialized and individualized representation for financial clients who don’t maintain in-house legal representation, but still desire the type of advice and representation by lawyers who know their business and personnel.
· Loan Documentation
· Loan work-outs
· Bank operations and negotiable instruments
· Regulation Compliance
CH@ps specializes in “front end” lender representation on credit transactions, which do not lend themselves to form documentation. Mixed collateral loans, multi-party transactions, guaranteed obligations, shared appreciation loans, multi-bank loan participations are a few of the credit situations, which require specially tailored loan documentation. Because of the constantly changing law in these areas, legal representation at the initiation of a credit will avoid defects in documentation, loan losses, and delays due to errors. In many cases, the expense of this representation is properly borne by the borrower rather than the Financial Institutions. CH@ps is committed to the philosophy of using its expertise to make transactions work while protecting the reasonable expectations of its clients. With the aid of our extensive computer and word processing capability, we can, and do, produce complete loan documentation very quickly when required to close a credit transaction.
Loan Work Outs
One of the most extensive areas of our banking law practice involves structuring and implementing loan work outs. Working closely with bank personnel, we combine tenacity and creativity to restructure troubled credits utilizing revised payment terms, personal guarantees and collateral reevaluation to effect payment and avoid or reduce loan losses.
Bank Operations and Negotiable Instruments
Efficient bank operations have become more important than ever before as a significant factor in bank profitability. CH@ps not only continuously maintains its level of expertise in this field, but also periodically advises its Financial Institutions clients with newsletters discussing recent cases, regulations and clearing house rules. Check disputes, presentment warranties, stop payments, forgery and unauthorized negotiation and ATM disputes are only some of the areas in which the firm has extensive experience.