DACA ALERT: Court orders DACA renewals to continue
by: Thomas R. Ruge, Director
January 11, 2018 ~ Immigration News
On September 8, 2017, the University of California filed a complaint challenging the rescission of the DACA program and asking the court to enjoin the implementation of the rescission. On January 9, 2018, the district court issued an order directing the government to partially maintain the DACA program.
2018 Employment Immigration Legislation and Policy supported by Trump Administration
by: Thomas R. Ruge, Director and Ryan C. Marques, Associate
January 9, 2018 ~ Immigration News
Perhaps the biggest change for the business immigration community that may materialize from the Trump administration will be revisions to the H-1B visa program. President Trump has been consistently critical of the H-1B program, at one point saying, “I will end forever the use of the H-1B as a cheap labor program.” This has been a consistent message, bolstered by key members of President Trump’s inner circle, including Attorney General Jeff Sessions and President Trump’s close advisor and Secretary of State of Kansas, Kris Kobach.
Searches, Searches, Everywhere . . .
by: Scott A. Oliver, Associate
December 7, 2017 ~ SBADIGEST
In Samuel Taylor Coleridge’s Rime of the Ancient Mariner, the sailor describes his time stranded at sea: “Water, water, everywhere, / Nor any drop to drink.” The line, which is commonly quoted when someone is surrounded by something, but cannot benefit from it, is far from the truth when it comes to ordering proper due diligence searches. In today’s day and age, there are many vendors that can order searches on targeted entities and individuals. However, there is one problem . . . searches are EXPENSIVE and DIFFICULT to unravel. Fortunately, lenders can protect themselves and save on costs by understanding what searches are required and how to analyze results.
SBA Loan Disbursement Requirements
by: Kevin A. Morrissey, Director
December 4, 2017 ~ SBADIGEST
The parties involved in an SBA Loan transaction are typically focused on one thing: closing. This is particularly so when an SBA Loan will finance the acquisition of a business or real estate. Lenders may occasionally feel pressured to schedule closing and approve disbursement of loan proceeds. While timely closing is everyone’s goal, Lenders must keep in mind their responsibilities to ensure the use of proceeds and subsequent disbursement meets the requirements of the SBA Authorization and SOP. With some planning, Lenders can avoid the “day of closing rush” to sign off on the HUD or settlement statement and disburse loan proceeds.
Surviving Landlord Waiver Negotiations
by: Scott A. Oliver, Associate
November 20, 2017 ~ SBADIGEST
Have you ever felt stuck between a rock and a hard place? For lenders, this feeling occurs when they must obtain a Landlord Waiver from an uncooperative third party landlord. If a landlord refuses to sign a Landlord Waiver, it could cause significant delays in the closing process and lead to lengthy negotiations. Landlord Waivers are commonplace in SBA loans. Therefore, lenders should have a firm understanding of what a Landlord Waiver is, when it is required, and how to “move that rock” and get back on track to closing.