Notes and news from the Las Vegas legal community
Jeremy Aguero , principal of Applied Analysis, has been selected the 2011 Alumnus of the Year by the Boyd Law School at UNLV. The award recognizes the impact an individual has made either through contributions to society in his or her professional field or through personal achievements.
The award was presented Nov. 4 at a reception on campus before the Alumni Association homecoming dinner.
The Las Vegas office of Snell & Wilmer was recognized for its support of Communities In Schools at the Clark County School District annual recognition breakfast. Attorneys Patricia Curtis and Chad Fears represented the firm. Curtis served on the CIS board for six years and continues to provide legal guidance to the organization. Fears helped defend CIS on a pro bono basis in a lawsuit that was ultimately dismissed.
CIS is a national organization that works within the public school system, determining student needs and establishing relationships with local businesses, social service agencies, health care providers and parent and volunteer organizations to provide needed resources.
Greg Brower , a partner in Snell & Wilmer’s Reno and Las Vegas locations, was recently appointed to the newly created Mining Oversight and Accountability Commission by Nevada Gov. Brian Sandoval. The commission is charged with overseeing the activities of the state agencies responsible for the taxation, operation, safety and environmental regulation of mines and mining in Nevada.
Legal Aid Center of Southern Nevada on Dec. 2 honored local attorneys who provided free legal services to low-income Nevadans in Clark County during the past year.
Dara J. Goldsmith and Marjorie A. Guymon of Goldsmith & Guymon were each honored individually as 2011 Pro Bono Attorneys of the Year.
Randall Jones and Jennifer Dorsey of Kemp, Jones & Coulthard were given the Vince A. Consul Memorial Pro Bono Award for their work on behalf of clients victimized by unlawful practices of payday lending companies.
New Nevada Pay Day Loan Laws - News
But those businesses are actually a front for an unlicensed Internet payday loan empire that consumer advocates say may not comply with a newly passed Tennessee law. The Chattanooga entrepreneur who controls the businesses, Carey V. Brown,
Randall Jones and Jennifer Dorsey of Kemp, Jones & Coulthard were given the Vince A. Consul Memorial Pro Bono Award for their work on behalf of clients victimized by unlawful practices of payday lending companies. The annual Lied Award categories and
“We are working to protect Minnesota consumers from unlicensed payday lending companies that take advantage of them,” said Rothman. “Payday lending companies - online and down the street - need to obey the lending laws that protect consumers.
It notes that payday lenders charge on average $16 in fees for a $100 two-week loan, the equivalent to an annual interest rate of 400 percent. An estimated 20 million individuals rely on payday loans, according to research cited in the report.
LPS is accused of forging signatures and fraudulently notarizing up to 4000 documents a day in an effort to quickly process foreclosures on behalf of mortgage servicers. Nevada claims LPS also demanded kickbacks from foreclosure law firms and called
The Legal Aspects Of Converting Pay Day Cash Advances Into ...
With most states coming up with new set of laws to regulate payday lending, it has now become much easier than ever before to convert payday cash advances into installment payday loans. But, not everyone can qualify for this. The state laws have set certain eligibility criteria that you must meet in order to take advantage of the legal provisions that make it mandatory for payday loan companies to allow borrowers to pay off their debts in easy installments. The exact provisions vary significantly from one state to another. Therefore, it is very important for you to educate yourself about the laws applicable in your state. Unless you know your legal rights as a payday loan borrower, you will obviously not be able to take the best advantage of those rights.
States Where Installment Plans Arte Mandatory In Certain Circumstances
In Alabama, Alaska, Florida, Illinois, Michigan, Nevada and Oklahoma, an affordable installment plan for repayment has been made legally mandatory for payday lenders, but the laws do not say anything specific about the eligibility criteria.
As per the state payday loan laws in California, the installment plans for payday cash advances have not been declared as legally mandatory for pay day lenders, but the laws specify it clearly that if a lender and a borrower fall into any such agreement voluntarily, the lender must not charge any additional fee or interest.
As per the payday loan laws in Indiana, if a borrower gets three consecutive payday cash advances and fails to repay the same in time, it becomes mandatory for the lender to allow that borrower to pay back the due amount in four equal installments (within four months or four pay days). But again, lenders are prohibited to charge additional fee or interest for such installment payday loans.
In New Mexico also, such an installment repayment plan is legally mandatory for lenders. They must allow borrowers to pay back their debts in small equal installments over a minimum period of one hundred and thirty days.