Bank Law Monitor
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The Washington Court of Appeals (Re-)Explains the Statute of Limitations for Deeds of Trust After a Bankruptcy Discharge
On January 18, 2021, the Washington Court of Appeals in Copper Creek (Marysville) Homeowners Ass’n v. Kurtz reaffirmed an important rule related to real property foreclosures and the statute of limitations after a bankruptcy discharge. The rule is th...
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I Just Wanna Know—Federal Bank Regulators to Require Notice of Major Cyber Security Events
Hardly a day goes by without news of a new cybercrime hobbling a major business.1 The grand scope of the SolarWinds hack, which went undetected for many months, underscored that even the most sophisticated technology companies (Microsoft, Cisco,...
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Washington’s New Statutory Wage Lien: How Wage Liens Impact Secured Creditors’ Rights
To read all five installments of this wage lien series, click here.
Washington’s recently enacted Washington Wage Recovery Act, SB 5355 (the “Act”), creates a new statutory lien for employees’ unpaid wage claims against their employers. The Act has...
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New Reporting Requirements for Deposit Interest Paid to Residents of Chile
On September 28, 2021, the IRS released an advance version of Revenue Procedure 2021-32, updating previous guidance with respect to information reporting requirements applicable to residents of certain countries. Under previous guidance, the United S...
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Washington’s New Statutory Wage Lien: How Wage Liens Are Extinguished, Released, and Contested
To read all five installments of this wage lien series, click here.
Washington’s recently enacted Washington Wage Recovery Act, SB 5355 (the “Act”) creates a new statutory lien for employees’ unpaid wage claims against their employers. The Act has s...
Continue Reading >
Washington’s New Statutory Wage Lien: How Wage Liens Are Established and Foreclosed
To read all five installments of this wage lien series, click here.
Washington’s recently enacted legislation, the Washington Wage Recovery Act, SB 5355 (the “Act”), creates a new statutory lien for employees’ unpaid wage claims against their employ...
Continue Reading >