Banking
Dec. 5, 2013
Nonbank lenders create complexities for lawyers
Nonbank lenders, from private equity firms to insurance companies, often lend alongside banks, which creates a host of issues for lawyers to work through.
Daily Journal Staff Writer
While banks have generally resumed lending after the recession, that increase has been tempered by heightened regulation, creating space in the market for more alternative "nonbank lenders" to respond to the needs of growing businesses. Finance lawyers say the increased diversification and use of such sources of financing - from private equity firms, insurance companies, financial services companie...
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