Governor signs bar dues bill

In case you did not read your email, governor Schwarzenegger signed the bar dues bill on Monday, January 25, 2010. The State Bar announced that the dues would be due on March 1, 2010 and would be $410 for active members and $125 for inactive members. The governor vetoed the fee bill in October because, for one reason, someone had leaked an unfavorable rating from the Committee on Judicial Nominees Evaluation (JNE) for one of the governor’s judicial nominees, former State Sen. Chuck Poochigian. (Poochigan was later confirmed as an appellate court judge.)  

State Bar president, Howard Miller, created a task force to investigate the leak, but the task force has concluded that “despite an extensive investigation, it could not identify who leaked the information.” The bill was resubmitted in early January after the task force finding and after internal financial controls were put in place. (LA Times.)  

Get out your checkbooks. 


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FDIC Issues Guidelines on Real Estate Loan Workouts

On October 30, 2009, the Federal Deposit Insurance Corporation (FDIC) published its Policy Statement on Prudent Commercial Real Estate Loan Workouts. These guidelines were created by FDIC to assist institutional lenders facing significant challenges on loans secured by commercial real estate when borrowers experience diminished operating cash flows, depreciated security values, or prolonged sales and rental absorption periods. Continue reading