Simon PLC Attorneys & Counselors – December 2024 Memorandum MICHIGAN MARIJUANA RECEIVERSHIP AS A CREDITOR’S BEST RESPONSE TO CANNABIS FACILITIES INSOLVENCY. Troy, MI. In 2016 Michigan authorized the development of new laws that hoped to establish Michigan as the national model for the state licensed cultivation and distribution of cannabis. (Medical Marihuana Facilities Licensing Act […]
01
Nov
Nov
Simon PLC Attorneys & Counselors – November 2024 Memorandum DEFAMATION AND OTHER ATTACKS ON YOUR REPUTATION IN MICHIGAN Troy, MI. Lawsuits seeking the recovery of damages for attacks on personal reputation are seemingly on the rise in Michigan. Simon PLC Attorneys & Counselors is processing more and more frequent cases where these issues are implicated. […]
Memorandum
HOMEOWNERS’ ENERGY POLICY ACT IMPLICATIONS FOR HOMEOWNERS AND THE HOA ASSOCIATION COMMUNITY
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Oct
Oct
Simon PLC Attorneys & Counselors – October 2024 Memorandum HOMEOWNERS’ ENERGY POLICY ACT IMPLICATIONS FOR HOMEOWNERS AND THE HOA ASSOCIATION COMMUNITY Troy, MI. Michigan has enacted the Homeowners’ Energy Policy Act (MCL 559.301 et. seq.) and it will become effective as of March 19, 2025. The Act limits the power of homeowners’ associations (HOAs) […]
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Sep
Sep
Simon PLC Attorneys & Counselors – September 2024 Memorandum CFPB DEEMS LAND CONTRACTS “CREDIT” SUBJECT TO FEDERAL MORTGAGE PROTECTIONS Troy, MI. On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) released a research report and advisory opinion stating that contracts for deed also known as land contracts are under federal home lending rules […]
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Aug
Aug
Simon PLC Attorneys & Counselors – August 2024 Memorandum PURDUE RULING- A POTENTIAL LIMITATION ON THE POWERS OF THE BANKRUPTCY COURT Troy, MI. In a long-awaited decision, the United States Supreme Court on June 27, 2024 finally resolved an often contentious issue in bankruptcy — a court’s authority to approve, as a part of […]
02
Jul
Jul
Listing Frank R. Simon, Court Appointed Receiver is pleased to offer the opportunity for buyers to purchase a large apartment complex in the historic district of downtown Detroit, Michigan, across from beautiful Palmer Park and in close proximately to Detroit Country Club. The complex is comprised of 14 apartment buildings originally built between 1924 to […]
01
Jul
Jul
Simon PLC Attorneys & Counselors – July 2024 Memorandum NON-COMPETE AGREEMENTS IN 2024, MICHIGAN, FTC, AND THE CHEVRON RULE Recently, the Federal Trade Commission (“FTC”) announced the implementation of a new rule, effectively banning non-compete agreements from the landscape of employment related contracts. The new rule seeks to correct what the FTC views as a […]
Memorandum
Simon PLC Attorneys & Counselors – June 2024 Special Memorandum Analyzing your Litigation Risk
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Jun
Jun
Simon PLC Attorneys & Counselors – June 2024 Special Memorandum Analyzing your Litigation Risk Troy, Michigan – At many times in its history, our Firm has been honored to employ current and former in-house counsel from financial institutions as Senior Attorneys at the Firm. Our clients, and the Firm alike, have always benefitted from their […]
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May
May
Simon PLC Attorneys & Counselors – May 2024 Memorandum ONE DEPOSIT, TWO DEPOSIT, FRAUD— Mobile Remote Deposit Capture and Double Presentment Troy, MI. The Check Clearing for the 21st Century Act (Check 21) is a federal law that took effect on October 28, 2004. It was implemented in Subpart D of Regulation CC (Availability of […]
Memorandum
The Corporate Transparency Act and the Issue of Beneficial Ownership and Substantial Control
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Apr
Apr
Simon PLC Attorneys & Counselors – April 2024 Memorandum The Corporate Transparency Act and the Issue of Beneficial Ownership and Substantial Control Troy, MI. The Bank Secrecy Act of 1970 required financial institutions to comply with certain reporting requirements for large cash transactions. However, real estate transactions and the professionals involved in them were excepted, […]