Firm Insights
On December 31, 2015, St. Louis County Ordinance 26,211, the “Residential Rental Property Licensing Code,” (the “Code”) will become effective. Note the following important limitations: The Code applies only in unincorporated parts of St. Louis County, and to owners of residential dwellings of four units or less. Residential Rental Property Licensing Code The Code requires…
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It appears that rule-making agencies are likely to gut a provision from the Dodd-Frank financial overhaul law that requires securitizing lenders to retain at least 5% of the credit risk in all but the safest real estate secured loans. “Great Recession” The FDIC, FRB, SEC, Federal Housing Finance Agency, and Department of Housing and Urban…
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Late this past summer, the State of Missouri enacted legislation permitting the formation of a new type of entity called a “Series LLC” in Missouri. By way of background, in 1996, Delaware was the first state to enact a Series LLC statute, and since that time, at least eleven states, including Illinois and Kansas, have…
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