At least half of the U.S. states have adopted the 2022 Amendments to Article 9 of the Uniform Commercial Code focusing primarily on digital assets, electronic money and chattel paper, among other facets. Kenneth Weinberg outlines the highlights, impact and nuances of these changes.... read more
Sept/Oct 2024
The Equipment Leasing and Finance Association revealed plans for ELFA Legal Forum LIVE!, an interactive virtual event that will be held on May 4 and May 5. read more
APR 6, 2021 - 2:44 pm
Ken Weinberg revisits his thoughts on the Uniform Commercial Code and finds new clarity for its provisions relating to equipment finance in light of a recent decision by the Appellate Court in In re I80 Equipment Leasing, LLC.... read more
Nov/Dec 2019
In certain segments of our industry, the interest rate charged for the advance of loan proceeds may exceed the rates allowed under the usury laws of the state where the borrower or lessee may be located. It is important to... read more
August 2019
Ken Weinberg takes a metaphorical trip around the country as he examines the ways cross-state transactions can be affected by each individual state’s laws and how companies can prepare themselves to address the subsequent issues in a lease. ... read more
January/February 2019
Describing collateral in financing statements as "all equipment leased or financed" has become common in our industry. Ken Weinberg examines whether or not these descriptions sufficiently indicate the collateral covered.... read more
November/December 2018
Although maintaining insurance on equipment is usually a mandatory provision of financing agreements, the disclaimer language used on proof of insurance forms seems to render the certificates worthless. To help lenders protect their interests, Ken Weinberg discusses the different types of insurance certificate forms and specific items to monitor on each certificate.... read more
July/August 2018