The Minnesota Court of Appeals recently decided a case involving a dispute between two financial institutions that may have important impacts on how to approach settlement negotiations with defaulting borrowers going forward. The lawsuit involved Student Loan Finance Corporation (“SLFC”) which was indebted to ...Read More
A seriously dishonest or desperate borrower, even if relatively rare, can be the cause of the biggest losses a lender may face. Many loans are extended on the assumption that the bank has sufficient collateral—whether real estate, equipment, receivables, or other property—to repay the ...Read More
While cash crop farming in Minnesota is still largely dominated by corn and soybeans, there has been a recent rise in alternative crops and alternative farming practices. Some farmers are exploring new crops such as industrial hemp, while others have adopted organic farming practices ...Read More
Almost every area of finance and business has dramatically changed as a result of the digital revolution. Notarization has not been among them. If a document needed a notarized signature, it required an in-person meeting with a notary public present where the notary watches ...Read More
Commercial real estate investments have long been attractive to investors in Minnesota and around the country. Historically, only a very limited subset of the population was actually able to invest in commercial real estate because of the large buy-ins required to do so.
In 2012, ...Read More
Business owners in Minnesota who own brick-and-mortar stores may be able to augment their incomes and attract more customers by setting up an e-commerce site. E-commerce has been growing in popularity in recent years, as more and more customers choose online shopping for its ...Read More