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My Opinions on Major License Changes
for Lease Financing in the State of California
by Tom McCurnin
Leasing News Legal Editor 

Preface by Editor

Reaction to SB 197 awaiting California Governor Jerry Brown's signature was very negative, especially from funders.

"The part of the new law that troubles me the most is that apparently the unlicensed broker cannot 'negotiate, quote, take application or close for signatures'," a major small to middle sized funder told Leasing News. 

One funder said they were going to look into ignoring business in or
from California brokers.

There also was confusion expressed regarding the current law allowing unlicensed brokers to solicit five transactions without having a license.  The new law changes this and puts the onus on the funder, not just the broker.

     Editor

Now that SB 197 is probably going to be law, I think the debate on whether it is good or bad should probably cease, and we start focusing on how to comply and what the ramifications for non-compliance might be.

The current law is that a licensed lender is prohibited from providing an unlicensed broker with a commission. 

That being said, a sharp State Senator from San Diego tried to do the leasing industry a favor by drafting a bill which would allow a licensed lender to provide a commission to an unlicensed broker. Sadly, the measure got watered down and changed in committee, and now the exceptions to the law pretty much swallow up the changes. Welcome to politics.

So, assuming that Governor Brown will sign the Bill, a licensed lender can pay a commission to an unlicensed broker only if:
•  That unlicensed broker is a person, not an entity
•  The effective interest rate of the loan is less than 36%
•  The unlicensed broker has to stay away from the transaction and cannot take financials, deposits, or be involved in the deal.  That unlicensed broker must be merely a referral source. 

It is unclear whether this new law applies to California licensed financial lenders loaning money or making leases to California residents only, or whether a licensed lessor in California is now prohibited from paying a commission to a broker in New York for a deal in New Jersey. I suspect it would not apply, but as the Department of Oversight flexes its muscles, the interpretation might be made clearer.

Ultimately, the Department of Oversight is trying to weed out rinky-dinky brokers who have no skin in the game, such as a license or a bond. There are two ways they could do this. First, they could gear up with tax revenue and actually prosecute these unlicensed brokers and lessors, at considerable time and expense.  This is a bottom up approach. Second, they could make licensed lenders do their dirty work by making it illegal for the licensed lenders to do business with unlicensed brokers, a top down approach. 

Just so the licensed lessors don’t feel too bad here, the top down approach has been the current government role strategy for many years. For example, the U.S. Government doesn’t like medical marijuana dealers. Rather than prosecute them, they simply get the Federal Reserve to make a law discouraging banks from banking a medical marijuana outlet. 

As frustrating as this may seem, I think it might be a good idea to put a positive spin on this. The Department of Oversight, by forcing licensed lenders to back away from unlicensed brokers, will encourage brokers to be licensed.  Only those brokers with financial skin in the game will do so. They will presumably abide by the minimal regulations governing licensees and hopefully will not lie, cheat, keep deposits, and other things some of the lower level brokers are routinely accused of doing.  This raises the gene pool of the industry. 

On a final note, people always ask me this—there is no per se requirement to be licensed. The statute allows anyone to make up to five loans a year without being licensed. So the occasional, one-off, broker remains unaffected by this statute. Even assuming a lessor or broker wants to do more than 5 deals a year, there is no big disincentive for doing so, since the Department of Oversight rarely engages the remedy of a cease and desist order, except in extreme cases. However, one of the principal benefits of being licensed is that the broker or lessor may charge any interest rate they want to, because they are exempt from usury. 

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

 

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Current/Lease Regulations
United States and Canada

(Any up-dates or additions, please send
to kitmenkin@leasingnews.org)

Alaska: Money Service License
http://commerce.state.ak.us/dnn/Portals/3/pub/MoneyservicesStatutes.pdf

Arizona: All "advance fee loan brokers" must register annually with the state. Includes "commitment fees." Stiff penalty and on line form for a complaint for the state to investigate. Arizona Revised Statutes, sec. 06-1303-1310 (1996)
Registration process: http://www.azdfi.gov/Licensing/Licensing-FinServ/ALB/ALB.html

Arkansas: All brokers of "a loan of money, a credit card or a line of credit" may not assess or collect an advance fee. In addition, all brokers must register with the Securities Commissioner, post a surety bond of $25.000 and have a net worth of $25,000.
Arkansas Code Annotate sec. 23-39-401 (1995)

California: "In addition to the lending authority provided by the law, the California Finance Lenders Law provides limited brokering authority. A "broker" is defined in the law as "any person engaged in the business of negotiating or performing any act as broker in connection with loans*made by a finance lender." Brokers licensed under this law may only broker loans to lenders that hold a California Finance Lenders license." 
http://www.corp.ca.gov/Laws/Finance_Lenders/Default.asp 
(*any transaction that is not a true rent or meets the accounting and tax rules or is re-sold as a loan or discount or has a nominal purchase option is considered under this nomenclature. ) (2)

Delaware : http://banking.delaware.gov/services/applicense/llintro.shtml

Florida: Brokers of a "loan of money, a credit card, line of credit or related guarantee, enhancement or collateral of any nature" may not assess or collect an advance fee. 
Florida Statues, Chapter 687.14 (1992)

Georgia: A broker of "loans of money, a credit card, a line of credit or related guarantee, enhancement or collateral of any kind or nature" may not assess or collect an advance fee unless such fee is for "actual services necessary to apply for the loan." Official Code of Georgia Annotated, sec. 7- 7-1 (1992)

Idaho: No fee may be collected unless a loan is actually made. 
Idaho Code, sec. 26-2501 (1992)

Illinois: Code, 815 ILCS 175/15-5.03 Under the Act, a" loan broker" means any person who, in return for a fee from any person, promises to procure a loan for any person or assist any person in procuring a loan from any third party, or who promises to consider whether or not to make a loan to any person. 815ILCS 175/15-5- 15(a) specifically excluded from the application of the Act, however, are (1) any bank …regulated by any service loans for the Federal National Mortgage Association… (3) any insurance producer or company authorized to do business in [Illinois], (4) any person arranging financing for the sale of the person's product, (note that this exception does not apply to any person selling someone else's product and only applies to "the" person's product, implying the exception is for the owner of the product arranging for financing), (5) any person authorized to conduct business under the Residential Mortgage License Act of 1987 and (6) any person authorized to do business in [Illinois] and regulated by the Department of Financial Institutions or the Office of Banks and Real Estate. "In the event that the Act is violated by the broker, the Secretary of State is empowered by the statute to make investigations and examinations, suspend or revoke the broker's approval, subpoena witnesses, compel the production of books and records, order depositions and obtain temporary restraining orders and injunctions against the broker. In the vent that a violate is found, the Secretary of State may impose a fine in the amount of $10,000 for each violation and the broker shall be liable to any person damaged in the amount of tactual damages plus attorneys’ fees." This appears as standard language on most states.

Iowa: A broker of loans of "money or property" may not assess or collect an advance fee except for a "bona fide third-party fee" and a broker must obtain a bond or establish a trust account and file required documents with the Commissioner or Insurance.
Iowa Code, sec. 535C (19920)

Kansas : Broker is not exempt. Discounter or Lessor is exempt: " 'Creditor' means any person to whom a loan is initially payable on the face of the note or contract evidencing the loan" is exempt. Anyone who earns a fee or accept a deposit, except a bank, financial institution, discounter or lessor, must be registered.
http://www.securities.state.ks.us/rules/loan.rtf

Kentucky: Brokers of "a loan of money, a credit card, a line of credit or related guarantee, enhancement or collateral of any kind or nature" may not assess or collect an advance fee. 
Kentucky Revised Statutes Annotated, sec. 367.380 (1992)

Louisiana: A broker of loans of "money or property…whether such agreement is styled as a loan, a lease or otherwise" must obtain a surety bond or establish a trust account in the amount of $25,000. A broker may not collect an advance fee but may collect an "advance expense deposit for commercial loans" only for actual expenses incurred in obtaining the loan. Louisiana Revised Statutes Annotated, sec. 9:3574 (1993); Louisiana Revised Statutes Annotated, Sec. 51:1910 (1992)
Non-Louisiana leasing companies, with or without offices in the state, must qualify to do business in Louisiana, and are subject to payment of state and local occupational license fees. See: Collector of Revenues v Wells Fargo Leasing Corp., 393 So.2d 1255 (La. App. 1981). Common misunderstanding of Louisiana law. Motor vehicle lessors, with or without offices in Louisiana, additionally are required to be licensed by the Louisiana Motor Vehicle Commission in order to lease a motor vehicle in the state. (La. R.S. 32:1254(N)) Common misunderstanding of Louisiana law.

Maine: No license required: "the regulation of commercial loan brokers does not fall under the jurisdiction of the Maine Bureau of Consumer Credit Protection. Transactions involving two businesses are legal/contractual in nature. Therefore, disputes involving a commercial loan between a business and commercial loan provider or broker must be settled in the court system."
http://www.maine.gov/pfr/consumercredit/faqs/loan_broker_faq.htm#j

Maryland: Lending threshold is $6,000 or less, so now need for license if over
this dollar amount

Massachusetts: Lending threshold is $6,000 or less, so now need for license if over this dollar amount.

Minnesota: Money Transfer License
http://mortgage.nationwidelicensingsystem.org/slr/PublishedState
Documents/MN-Money-Transmitter-Company-Description.pdf

Mississippi: A broker or loans of money may not assess or collect an advance fee and can be fined up to $5,000 for each violation. Mississippi Code Annotated, sec. 81-19-17 (1997)

Missouri: A broker of loans of "money or property" may not assess or collect an advance fee. Missouri Revised Statues, sec. 367 300 (19920

Nebraska: A broker of loans of money may not assess or collect an advance fee. Nebraska Revised Statutes, sec. 45-189 (1993)

Nevada: Foreign Corporations Foreign corporations engaged in activities in Nevada are subject to the provisions of Chapter 80 of the Nevada Revised Statutes. Specifically, NRS 80.010 through 80.055 set forth the requirements for a foreign corporation to qualify to do business in Nevada. Of primary importance are the statutes that establish (a) the filing requirements to qualify to do business (NRS 80.010); (b) the activities in which a foreign corporation may engage that do not constitute “doing business” so as to require qualification (NRS 80.015); and (c) the penalties to which a foreign corporation will be subject for failing to comply with the qualification provisions (NRS 80.055). The penalties for failure to comply with the qualification statutes include a fine (capped at $10,000) and/or denial of the right to maintain a court action. However, failure to comply will not impair the validity of contracts entered into by a foreign corporation nor prevent such corporation from defending itself in court. Foreign LLCs Foreign LLCs engaged in activities in Nevada are subject to the provisions of Chapter 86 of the Nevada Revised Statutes, specifically NRS 86.543 through 86.549. Foreign LLCs seeking to operate in Nevada must comply with the initial filing and registration requirements in NRS 86.544, and annual filing requirements of NRS 86.5461. The LLC must also maintain certain records, such as a list of current members and managers, in accordance with NRS 86.54615. Additionally, NRS 86.5483 lists the activities which do not constitute “doing business” in Nevada for purposes of the Chapter. Foreign LLCs that fail to comply with the Chapter risk penalties similar to those facing a non-compliant foreign corporation. Those penalties are outlined in NRS 86.548.
Nevada has no usury statute.

New Hampshire
Any person making small loans, title loans, or payday loans in New Hampshire must obtain a license from the bank commissioner. N.H. Rev. State. Ann. § 399-A:2. This law does not apply to banks, trust companies, insurance companies, savings or building and loan associations, or credit unions. Id. Any person who violates any provision of this chapter shall be guilty of a misdemeanor if a natural person, or a felony if any other person. N.H. Rev. Stat. Ann § 399-A:18.

New Jersey: Brokers of "loans of money" may not assess or collect an advance fee. 
New Jersey Rev. Statutes, sec. 17:10B (1992)
Although New Jersey does not require a lessor to obtain a license to conduct a leasing business in the state, the New Jersey Corporation Business Activities Report Act requires foreign corporations to register with the state. See N.J. STAT. ANN. 14A:13-14. In particular, foreign corporations must file a Notice of Business Activities Report with New Jersey's Department of Taxation. Activities that trigger the requirement of a report include: (a) maintaining an office or other place of business in New Jersey; (b) maintaining personnel in New Jersey, even if the personnel is not regularly stationed in the state; (c) owing or maintaining real or tangible personal property directly used by the corporation in New Jersey; (d) owning or maintaining tangible and/or property in New Jersey used by others; (e) receiving payments from residents in New Jersey, or businesses located in New Jersey, that are greater than $25,000.00; (f) deriving any income from any source or sources within New Jersey; or (g) conducting or engaging in any other activity, property or interrelationships with New Jersey as may be designated by the Director of the Division of Taxation. See N.J.S.A. 14A:13-15. Corporations not required to file a report are those which either received a certificate of authority to do business, or filed a timely tax return under the Corporation Business Tax Act, or Corporation Income Tax Act. See N.J. STAT. ANN. 14A:13-16. Reports must be filed annually by April 15th.

New Mexico: New Mexico currently requires Brokers/Lessors to register for Licensing under the NM Mortgage loan Company or Loan Broker Act with the Financial Institutions Division of the State of New Mexico. Banks with Brick and Mortar within the State of New Mexico are exempt. Prior to licensing applicants must submit the Following: 
Articles of Incorporation 
Listing of all principals (including management) 
A full financial Package (to meet their minimum requirements of liquidity) 
Personal financial statements on all principals 
Disclosure of all current or past suits (civil or criminal) 
Attach a corporate surety bond 
Include a $400.00 registration fee renewable yearly

North Carolina: A broker of "loans of money or property…whether such agreement is styled as a loan, a lease or otherwise" must obtain a surety bond or establish a trust account in the amount of $25,000 and obtain a license. North Carolina General Statutes, sec. 66-106 (1992)

North Dakota: Brokers may not accept an advance fee unless the broker is licensed. North Dakota Century Code, 13-04. 1-09.1 (1993) Ohio: Department of Commerce, Division of Financial Institutions
(Certificate to engage in the business of a credit services organization in accordance with the provisions of Sections 4712.01 to 4712.14 of the revised code of Ohio, subject to all the provisions thereof and to the regulations of the division.) Ohio Department of Taxation requires a "Vendor's License" under provision 5739.17 of the Revised Code (...is hereby authorized to sell tangible personal property and selected services at the retail location specified below.) This also makes the lessor responsible for all taxes with penalties for not doing so.

Ohio: Ohio law provides that no person may engage in the business of lending money, credit, or choses in action in amounts of $5,000 or less, or exact, contract for, or receive, directly or indirectly, on or in connection with any such loan, any interest and charges that in the aggregate are greater than the interest and charges that the lender would be permitted to charge for a loan of money if the lender were not a licensee, without first having obtained a license from the Division of Financial Institutions. O.R.C. 1321.02. This rule is applied to any person, who by any device, subterfuge, or pretense, charges, contracts for, or receives greater interest, consideration, or charges than that authorized by such provision for any such loan or use of money or for any such loan, use, or sale of credit, or who for a fee or any manner of compensation arranges or offers to find or arrange for another person to make any such loan, use, or sale of credit. O.R.C. 1321.02.

Rhode Island: Any person who acts as a lender, loan broker, mortgage loan originator, or provides debt-management services must be licensed. R.I. Gen Laws § 19-14-2(a). The licensing requirement applies to each employee of a lender or loan broker. R.I. Gen Laws § 19-14-2(b). No lender or loan broker may permit an employee to act as a mortgage loan originator if that employee is not licensed. R.I. Gen Laws § 19-14-2(b) R.I. Gen. Laws § 19-14-2 (2012) No person engaged in the business of making or brokering loans shall accept applications from any lender, loan broker, or mortgage loan originator who is required to be licensed but is not licensed. R.I. Gen Laws § 19-14-2(d). There is an exemption from the licensing requirement for a person who makes not more than 6 loans in the state within a 12-month period. R.I. Gen Laws § 19-14.1-10. Persons lending money without a license are guilty of a misdemeanor and can be fined not more than $1,000, or imprisoned for not more than 1 year, or both; each violation constitutes a separate offense. R.I. Gen Laws § 19-14-26.

South Carolina: A broker of "a loan of money, a credit card, a line of credit or related guarantee, enhancement or collateral of any kind or nature" may not assess or collect an advance fee. South Carolina Code Annotated, sec. 34-36-10 91992)

South Dakota: Money Lending License
Required for individuals or corporations to engage in the business of lending money, including creating and holding or purchasing and acquiring any installment loan ("Capital Lease" or EFA), single pay loan, or open-end loan which may be unsecured or secured by personal property. Requires filing a surety bond application. State and national banks, bank holding companies, other federally insured financial institutions, and the subsidiaries of those institutions are exempt from licensure. In addition, SD chartered trust companies are exempt from licensure. Any individual or corporation holding this license is required to pay the bank franchise tax. 
Duration: 1 year
Cost: Application: $600
South Dakota has no usury status

Vermont: Commercial Loans
Commercial loan license would apply to EFA and "Capital Leases." Exemptions include transactions over $1 million, and brokers who do not engage in transactions more than $50,000 in one year at rates not exceeding 12 percent per annum.

Ontario, Canada: General Requirements: 1. Branch Operation If a foreign corporation wants to carry on business via a branch operation, without a Canadian corporate entity, it may have to obtain a provincial license in each province in which it intends to carry on business. Pursuant to the Ontario Extra-Provincial Corporations Act R.S.O. 1990 c. E.27 ("EPCA"), a class 3 extra-provincial corporation (a corporation that has been incorporated or continued under the laws of a jurisdiction outside Canada) is prohibited from carrying on business in Ontario without a license under the Act [s. 4(2)]. Failure to comply with this licensing requirement can lead to a maximum fine of $2,000 for a person and $25,000 for a corporation [s. 20(1)]. Directors, officers and any person acting as a representative of the corporation can be fined up to $2,000 for authorizing, permitting or acquiescing to an offence by the corporation [s. 20(2)]. For the purposes of the EPCA, an extra-provincial business is considered to be "carrying on business in Ontario" if: a. It has a resident agent, representative, warehouse, office or place where it carries on its business in Ontario; b. It holds an interest, otherwise than by way of security in real property situate in Ontario; or c. It otherwise carries on business in Ontario [s. 1(2)]. This last category is a catchall. Recent case law in the area stresses that it is very much a fact-specific analysis hinging on the extent to which business is actually conducted in Ontario. 2. Incorporation: a foreign corporation can also choose to incorporate a subsidiary, either federally or provincially. If a subsidiary is incorporated provincially in Ontario, it may have to obtain an extra-provincial license to carry on business in other provinces. An Ontario-incorporated company does not have to obtain a license to carry on business in Quebec but does have to make annual information filings. 3. Bank Act If the financing company is a bank and intends to carry on business in Canada, it must obtain appropriate approval under the Bank Act 1991 c. 46. Whether an entity will be considered a bank under the Bank Act needs to be reviewed on a case-by-case basis, as there are a number of relevant factors.

 

 

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Leasing Industry Help Wanted

 

Press Release

WE'RE HIRING at Our Minneapolis Headquarters Credit Manager This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More Collections Representative This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More Please email cover letter and resume to: careers@channelpartnersllc.com

 

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.  

 

New Hires---Promotions in the Leasing Business
and Related Industries

 

Phil Azriel was hired as Director of Broker Relations at Cobra Capital, LLC., Darien, Illinois. Previously, he was Owner, Fun Services (February, 1992 - January, 2015). Education: Roosevelt University, MBA, Information Systems (1982–1988); Northern Illinois University, BS, Sociology (1977–1981).
https://www.linkedin.com/pub/phil-azriel/17/867/906

Adam Breene was hired as Healthcare Business Development Manager, Vendor Finance at Umpqua Bank; he is based in Denver, Colorado.  Previously, he was Account Development Rep, Key Equipment Finance (January, 2007 – September, 2015). Education: Gettysburg College, Bachelor of Arts (B.A.), Business Management (2000–2004). Sigma Chi Fraternity.  Summit High School (1996 – 2000).
https://www.linkedin.com/pub/adam-breene/20/a54/63b

Nicholas Careno was hired as Vice President, Leasing at Standard Capital Corporation, Andover, Massachusetts. He joined People's United Equipment Finance Corp., August, 2013, as Vice President, Business Banking, and was promoted June, 2014 to Vice President, Leasing. Previously, he was Sr. Business Banking Officer, Sovereign Bank (June, 2012 – August, 2013); Senior Account Executive, Harbour Capital Corporation (December, 2006 – April, 2012). Education: Southern New Hampshire University, Bachelor's degree, Psychology, Business (1999 – 2003). Dover High School (1994 – 1998).
https://www.linkedin.com/pub/nicholas-careno/10/60/a1

Michael Coon was hired as Vice President-Syndications Manager at AXIS Capital, Inc., Greater Grand Rapids, Michigan. Previously, he was Vice President, LCA Financial LLC, Lease Corporation of America (October, 2013 – August, 2015); Vice President, Equipment Finance and Leasing Division, TAB Bank (October, 2011 – July, 2013); Vice-President, Orion First Financial, LLC (February, 2011-September, 2011), Managing Member, Aurora Management Group, LLC (January, 2010-January, 2011), Executive Vice-President, Enterprise Funding Group, LLC, January, 2011-December, 2009), Vice-President, Business Development, Enterprise Capital Corp. (February, 1996-December, 2000), Retail Loan Business Development Officer, FMB, First Michigan Bank (April, 1993-February, 1996). Central Michigan University BSBA, Finance and Marketing (1986–1988).    
https://www.linkedin.com/pub/michael-coon/23/380/7b6

Michael J. Delgado (LION) was hired as Business Development Officer at VFI Corporate Finance, Salt Lake City, Utah.  Previously, he was Senior National Account Executive, Mazuma Capital Corp. (June, 2013 – August, 2015); Account Relationship Manager, Unisys (April, 2011 – July 2013); Business Development Manager, Citywide Home Loans (August, 2008 – April, 2011); President/ Marketing & Customer Relations, Recruiting Manager, Business Development, Mortgage Cons, Delgado Enterprises LLC (June, 2001 – August, 2008); Supervisor, Customer Service/Billing Supervisor, Product Technology, Pagnet of Utah (February, 1999 – June, 2001); Customer Service Manager/Team Leader, American Express (January, 1984 – January 1999). Certifications; Division of Real Estate License, State of Utah State of Utah, License 6223027-MLAF; National Mortgage Licensing, State of Utah: License 272824, General Class FCC Amateur Radio, Worldwide, Federal Communications Commission; Commission, License KD7YAH. Education: Cottonwood High School (1978 – 1981) Management Courses in: Business Law; Real Estate; Effective Decision Making; State and Federal Banking Laws, Regulations; Advanced Sales and Marketing.
https://www.linkedin.com/pub/michael-j-delgado-lion/44/306/792

Shawn O'Neill is back at Marlin Business Services, Mount Laurel, New Jersey, as Senior Business Development Manager   Previously he was Account Executive, LEAF Commercial Capital, Inc. (November, 2014 – September, 20150; Territory Account Manager, Thomas Scientific (July, 2014–November, 2014); Account Manager, Balboa Capital (September , 2013–December,  2013); Regional Sales Manager, Ascentium Capital (February 2013–September 2013; Territory Sales Manager, PHD Virtual Technologies3 (January, 2012–February , 2013); Business Development Manager. Marlin Leasing (June 2006–January 2012); Account Executive, National Accounts, LEAF Financial Corporation (December 2005–June 2006); Dealer Service Representative, Canon Financial Services, Inc. (September, 2004–December, 2005); Honors: Admirals Club, Marlin Leasing, Most New Business. Education: King's College, BA, Psychology. Activities and Societies: Education Concentration
https://www.linkedin.com/in/shawnponeill1

Tre Robertson was hired as Senior Account Executive at Business Capital Partners, Newport Beach, California. Previously, he was Account Executive, Capital Alliance Group (October, 2012 – February, 2015).
https://www.linkedin.com/pub/tre-robertson/64/8b2/b78 

Janice Schawillie was hired as VP Capital Markets at First American Equipment Finance, Fairport, New York.  Previously, she was VP Syndications/Portfolio Manager, First Niagara Bank (September, 2009 – September, 2015); Operations Specialist, Chase Equipment Leasing Inc. (1983 – 2009); Operations Specialist, Chase Equipment Leasing Inc. (1983 – 2009). Education: St. John Fisher College, BA, Political Science (1977 – 1981).
https://www.linkedin.com/pub/janice-schawillie/13/8b4/175

Matt Sponagle was hired as Director of Network Services at Navitas Lease Corp., Cherry Hill, New Jersey. Previously, he was Network Administrator, Marlin, Business Services (December, 2004 - September, 2015). Network Technician, Infocore (1994-2000).
https://www.linkedin.com/pub/matt-sponagle/6/312/207

David Van Zyl has been hired as Vice President of Global Vendor Finance, Century Tokyo Leasing USA, Purchase, New York. "(He)...will oversee Marketing, Business Development, Credit and Operations, leading the expansion of the Global Vendor Finance Group from traditionally supporting Japanese credits in North America, to servicing captive finance organizations, vendors and bank partners around the world. Previously, Van Zyl served at Hitachi Capital America, where he was Assistant Vice President and Manager of its wholesale finance business. In his prior roles Van Zyl was Senior Credit Analyst at GE Capital Transportation and CitiCapital Commercial, and Credit Supervisor at Associates First Capital. Tiger Ogawa, President of Century Tokyo Leasing USA said, 'We are pleased to have David as part of the management team. His experience in commercial finance and leasing brings a broad skill set that will help Century Tokyo Leasing continue to develop new and existing vendor relationships to achieve our aggressive growth goals in Global Vendor Finance'.”

Junaid Zuberi RHB was hired July, 2015, as Business Development Manager at Lionhart Capital Ltd,  Mississauga, Ontario, Canada. Previously, he was Advisor, Life and Living Benefits, RBC Insurance (October 2013–June 2015); Customer Service Representative, (Volunteer Internship), BMO Financial Group (August 2013-October 2013). He went to work for ORIX Leasing Pakistan Limited, June, 2001, as Manager Credit & Marketing; promoted January, 2008 to Senior Manager Corporate Lease Division; October, 2011, Senior Manager Corporate Communications and Customer Care. Prior
he was Visiting Faculty, Institute of Business Management (IBM)
(1998–1999). Certifications: Foreign Trained Professionals Co-op Programme. Brian J Fleming Catholic Adult Learning Centre, Mississauga ON (June 2013–September 2013). LLQP, Financial Services Commission of Ontario. Languages: English. Urdu. Education: Institute of Business Administration, MBA, Finance / Marketing (1991–1994). Institute of Business Administration
BBA (Hons), Finance, Management.
https://ca.linkedin.com/in/junaidzuberi

 

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Leasing Conferences --- Full Update of Exhibitors
Women in Leasing LinkedIn Group Luncheon at NEFA

 

---

 

 

The Women in Leasing LinkedIn Group would like to cordially invite you to our October luncheon at Season’s 52 in Buckhead (Atlanta), Georgia on Wednesday October 7th, from 1:00pm – 3:30pm. The lunch is being co-sponsored by ECS Financial Services and Financial Pacific Leasing.

Space is limited to 40 attendees so if you would like to attend please RSVP no later than September 15th to Shari Lipski at 847.897.1711 or via email SLipski@ECSFinancial.com.

If you plan on attending the 2015 NEFA Funding Symposium, the restaurant is about two miles from the host hotel. 

2015 Funding Symposium
10/7/2015 to 10/9/2015
Wed through Friday
J W Marriott Atlanta Buckhead Hotel
3300 Lenox Road Northeast
Atlanta, Georgia  30326
United States
Contact: Kim King 
KKing@NEFAssociation.org
Phone: 847-380-5053

Funding Symposium Exhibitors To Date:
Advanced Recovery Systems
Amerisource Funding
Bank of the West
Blue Chip Leasing Corporation
Boston Financial & Equity Corporation
Bryn Mawr Funding
Business Credit Reports
Certified Lease & Finance Professional Foundation
Channel Partners Capital
Cobra Capital, LLC
Collateral Specialists, Inc.
Conestoga Equipment Finance Corp
Dakota Financial, LLC
Dedicated Commercial Recovery, Inc.
ECS Financial Services, Inc.
EDA
Equipment Finance Advisor
Financial Pacific Leasing, Inc.
FirstLease, Inc.
FORA Financial
Funding Circle
Great American Insurance
Huntington Technology Finance
IOU Central, Inc.
Leasepath
LeaseTeam, Inc.
Marlin Business Bank
Merchant Cash Group
Monitor
Nassau Asset Management
North Mill Equipment Finance, LLC
Odessa Technologies, Inc.
Orange Commercial Credit
Pawnee Leasing Corporation
Quality Leasing Co., Inc.
Quitrak, Inc.
Rapid Advance
Recovery Industry Services, LLC
Red Bridge Capital
RLC Funding
TradeRiver USA, Inc.
Vision Commerce, Inc.
WBL

Full Information including pricing, schedule, and reservation:
http://nefassociation.site-ym.com/events/event_details.asp?id=594672&group=#

 

Dwight Galloway
SVP Broker Funding
RLC Funding
Columbia, South Carolina

Dwight Galloway will be covering the conference for
 Leasing News with a report to follow for readers not attending.

 

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2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX

780 individuals signed to attend to date with 
five weeks to go.

Attendees
http://www.elfaonline.org/events/2015/AC/attend.cfm

Brochure with Schedule of Events
http://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll/view?DOCUMENTNUM=1147

Keynote Speakers
http://www.elfaonline.org/events/2015/AC/spkrs.cfm

ELFA President and CEO Woody Sutton invites you 
to connect, engage and grow in San Antonio! (1:43)

---

 

The 2015 Fall Conference will be held at the Loews Don CeSar Hotel in St. Pete Beach, FL on November 4 through November 6, 2015. 

Website states, "Registration opening soon!"

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2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA

To reserve your room, visit
http://doubletree.hilton.com/en/dt/groups/personalized/S/SNACCDT-WRC-20151105/index.jhtml

Registration Now Open:
http://www.naelb.org/NAELB_Docs/2015%20Regional%20Meetings/
Western%20Regional%20Registration%20Form%202015.pdf

Exhibitors to Date

60 Equipment Finance
Ascentium Capital LLC
Banc of California, N.A.
BSB Leasing Inc.
Channel Partners LLC
Dakota Financial, LLC
Financial Pacific Leasing, Inc.
Fora Financial
Funding Circle
Huntington Technology Finance
LeasePath
LoanMe
Maxim Commercial Capital
North Mill Equipment Financing LLC
OnDeck
Orange Commercial Credit
Paradigm Equipment Finance
Pawnee Leasing Corporation
Preferred Business Solutions
TEAM Funding Solutions
VFI Corporate Finance

 

---

 

CFA
71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX

More Information
http://cfa.connectedcommunity.org/convention/home

---

 

 

EXPO NJ Super Regional
11/15/2015 to 11/16/2015
Sunday/Monday

Teaneck Marriott at Glenpointe
100 Frank Burr Blvd
Teaneck, New Jersey  07666
United States  

Contact:
 Kim King, NEFA Sr. Association Coordinator 
KKing@NEFAssociation.org 
 Phone: (847) 380-5053

 

 

[headlines]
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Updated Book by Frank Peretore, Esq.
Available at Mathew Bender and Amazon

Well-known attorney Frank Peretore has up-dated his book "Workouts and Enforcement for the Secured Creditor and Equipment Lessor" (2015 Edition). It is a step-by-step guide, filled with practical forms, for attorneys to represent secured creditors and equipment lessors from the workout through the litigation and bankruptcy processes. It is a comprehensive treatise for the zealous yet efficient enforcement of secured creditor and equipment lessor rights--including strategies, applicable law, citations, and forms for maximizing the opportunities of a workout, swiftly securing collateral and avoiding litigation and bankruptcy pitfalls.

"The 2015 Edition updates and enhances the prior edition by incorporating current case law and statutory revisions, including the 2010 Amendment to Article 9. This edition further incorporates new chapter sections, strategies and/or forms in connection with all asset liens, avoiding preference and fraudulent conveyance claims in workouts, foreclosing Article 9 liens, enforcing judgments, prosecuting fraudulent conveyance claims, and many aspects of bankruptcy practice such as strategies and issues in preparing and filing Proofs of Claim, prosecuting nondischarge and nondischargeability claims, conducting discovery in bankruptcy, valuing collateral for motions for relief from the automatic stay, objecting to 363 sales of collateral, defending against avoidance claims and 506(c) claims, and electing section 1111(b) in Chapter 11 reorganization cases."

Available in Kindle and Paperback at Amazon for $239
http://www.amazon.com/Workouts-Enforcement-Secured-Creditor-Equipment/dp/1632816105/ref=sr_1_3?ie=UTF8&qid=1442512126&sr=8-3&keywords=frank+peretore

Frank is listed in the group of Most Influential Lawyers
 in Equipment Finance and Leasing:
http://www.leasingnews.org/photos/FrankPeretore.jpg

##### Press Release ############################

Canadian Small Business Lending Index Rises 4%
Canadian Commercial Credit Shifts to Manufacturing

(Ottawa, CANADA--— PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports increasing investment by privately-held Canadian businesses. The Canadian Small Business Lending Index (CBLI) which measures the amount of new private investment in property, plant and equipment by hundreds of thousands of private Canadian businesses reached 135.8 from 130.3 up 4% over last year. 

This release shows organic growth in investment by Canadian private businesses. Although rate of investment is slower, it remains positive. This rate of increase remains less than the peak years, but it shows organic growth which can drive faster recovery for the Canadian economy.

William Phelan
President, PayNet

 “The Canadian economy is in a state of transition,” notes William Phelan, president of PayNet, Inc. “This could be a lot worse. The consumer and the East are making up the slack in commodities and the West,” notes Phelan.

Mining and Farming showed contractions falling -4% and -10% respectively. At the same time, professional services companies increased investment 28% while retailers were up 19%.

“In 12 to 24 months the economy should fully reshuffle from energy to manufacturing and the consumer,” Phelan pointed out.  The PayNet Canadian Small Business Lending Index shows businesses serving energy sector Transportation -6% and Wholesale -20%

PayNet’s data reflects the fact that Canadian small businesses are outperforming the broader national economy, but that material strains exist in certain portions of the country.

Investment is contracting in the Western Provinces; Alberta -6% and Saskatchewan -8% which reflect the contracting Mining and Agriculture sectors in those two provinces. In the East, investment growth is up in Manitoba +4%, Ontario +8% and Quebec +6%.

While U.S. small businesses are consistently borrowing at double-digit annual growth rates during 2015 ranging from 10-13%, Canadian small business originations are expanding at a more modest growth rate. As the U.S. economy gains momentum, it should soften the contraction in Canada.

The outlook for the next quarter shows a reset of the financial health of Canadian private businesses is underway, as financial health remains strong, despite it deteriorating recently. “The Canadian Business Delinquency Index (CFLA CBDI) shows credit risk for Canadian small and medium sized businesses will rise slightly towards pre-recession levels over the next 12 months” according to Mr. Phelan.

PayNet’s economic indices will be presented to CEO’s and regulators at the Canadian Finance Leasing Association (CFLA) National Industry Conference September 16-18, 2015 in Ottawa.   PayNet is now launching 53 Canadian economic indices that measure current business conditions in the Canadian small business economy by Province and Industry Sector at this conference and speaking Thursday September 17, 2015 on Measuring the Industry. These indices provide early signals of economic growth, demand for capital, business fixed investment and a gauge of financial stress across multiple sectors of the economy and can be accessed at www.paynetonline.com/canadian-indices.

The PayNet Canadian Business Lending Index is a key measure of metrics for Canadian private companies, small held by private owners and not traded on The Toronto Stock Exchange, which quantifies their business investment and financial health.  

PayNet, Inc. Canada is the premier provider of risk management tools and market insight to the commercial credit industry, collecting real-time loan information from leading Canadian lenders and turning it into actionable intelligence. The company's proprietary database -- updated weekly -- is a growing collection of commercial loans and leases, worth over $70 billion. Using state-of-the-art analytics, PayNet converts raw data into real-time market intelligence and predictive information that subscribing lenders use to manage risk, lower operating costs, originate more loans and improve their business strategy. For more information visit www.paynetonline.ca.

### Press Release ############################

 

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Fernando's View
By Fernando F. Croce

Scrappy comedy ("Grandma") and harrowing drama ("Queen of Earth") make for a schizophrenic box-office double-bill, while DVD releases offer ferocious action ("Mad Max: Fury Road"), an elegant confection ("Cinderella"), and a moody classic ("Moby Dick").

In Theaters:

Grandma (Sony Pictures Classics): In her first starring role in more than twenty years, the always underrated Lily Tomlin shines in this scrappy comedy-drama, directed by Paul Weitz ("American Pie"). Tomlin plays Ellie, a poet and self-described "unemployed academic" whose spiky personality has alienated most of her family. When her teenage granddaughter Sage (Julia Garner) turns up at her home in dire need of money, the two women embark on an expansive road trip that allows them to get to know one another. Along the way, Tomlin subtly creates a movingly complicated character, expressing Ellie's fierce independence as well as her regrets about past relationships. Combined with Weitz's sympathetic direction and a cast that also includes Marcia Gay Harden and Judy Greer, the film shines as a warmly acerbic intergenerational tale.

Queen of Earth (IFC Films): After the acidic comedy “Listen Up Philip,” writer-director Alex Ross Perry turns to psychodrama in this strange, one-of-a-kind story about a friendship gradually enveloped by darkness. Set mostly in a claustrophobic New York lake house, the story charts the mysterious friction that grows between two longtime pals, Catherine (Elisabeth Moss) and Ginny (Katherine Waterson). As the weekend unfolds, the time that was originally planned for artistic relaxation instead begins to show cracks in Catherine’s sanity. With her behavior growing more erratic and feral, the line between the two women’s psyches stretches thinner by the instant. With a style that’s reminded critics of visceral classics like “Repulsion” and “Persona,” Perry’s film is an unnerving portrait of emotional dynamics featuring a remarkable performance by Moss.

Netflix Tip: A distinctive voice in American indie cinema, "Queen of Earth's" Alex Ross Perry combines insightful observation with eccentric humor. So check out his earlier films, which include "Impolex" (2009), "The Color Wheel" (2011), and "Listen Up Philip" (2014).

On DVD:

Mad Max: Fury Road (Warner Bros.): Movie buffs who often complain about disappointing action fare should definitely check out the relentlessly exciting new film from George Miller, who shows that at the age of 70 he can still teach younger filmmakers a thing or two. Taking place, like the previous "Mad Max" installments, in a post-apocalyptic future where the world has been reduced to a violent wasteland, the film follows the wanderings of a loner known as Max (played by Tom Hardy). Still reeling from the tragedies that turned him into a road warrior, he takes up with a gang of rebels led by the fierce Imperator Furiosa (Charlize Theron), who's taking a precious cargo to her homeland. Standing in their way, however, are vicious marauders led by the grotesque Immortan Joe (Hugh Keays-Byrne). The result is a blistering master-class in pure action that makes most other recent blockbusters look anemic.

Cinderella (Walt Disney): Director Kenneth Brannagh ("Henry V," "Hamlet") l.ikes to bring a Shakespearean tone to all of his productions, and it's no different with his latest, a lavish interpretation of the beloved, frequently filmed fairy tale. Lily James stars as the eponymous heroine, an innocent young woman who finds herself at the mercy of her cruel Stepmother (Cate Blanchett) when her father passes away. Though surrounded by an often harsh world, Cinderella keeps a pure disposition that's rewarded by her Fairy Godmother (Helena Bonham Carter), who helps her make it to the castle ball. But can her newfound love for the Prince (Richard Madden) survive the sabotage attempts from her family? A light and elegant confection, this crowd-pleaser benefits from sparkling sets as well as Blanchett's fun and ferocious turn

Moby Dick (Kino): Not one to shy away from challenges, director John Huston ("The Maltese Falcon") tackled Herman Melville's monumental novel in this moody, handsome 1956 version of the classic struggle of man and beast. Told from the vantage of Ishmael (Richard Basehart), the lone survivor of a dangerous high-seas journey, the tale follows the Pequod, a whaler sailing off the New Bedford coast. Once aboard, Ishmael meets the tyrannical Captain Ahab (an uncharacteristically vehement performance by Gregory Peck), a man determined to hunt down Moby Dick, the white whale that had on a previous voyage devoured his leg. Though it misses much of the book's psychological intensity, Huston's film is nevertheless a sturdy venture, featuring stylish cinematography and a cast that includes a memorable cameo by Orson Welles.

 

Labrador Retriever/Rottweiler Mix
Gatineau, Quebec, Canada  Adopt-a-Dog

Robbie
Sex: Male
ID#: 13114
Breed: Labrador Retriever/Rottweiler Mix
Color: Black - With Tan, Yellow or Fawn
Age: Adult
Size: Med. 26-60 lbs. (12-27 kg)

 

Robbie's Info...

"I am already neutered, up to date with shots, and good with kids."

Robbie's Story...

"Robbie, born September, 2012, is a very handsome, gentle Labrador/Rottweiler mix--vaccinated, micro-chipped, and neutered. This sweet boy, was surrendered because her owner is no longer able to care for him. He is a sweet, gentle boy who would benefit from Obedience training as this would help build his confidence. Robbie is shy until he knows you; but, he does enjoy going for walks and likes to be with people, being brushed and cuddled.

Robbie is an intelligent Canine who would like to have an active home with a fenced yard so that he can play safely while his family is working or relaxing in the out-of-doors

Can you give our sweet Robbie a loving, forever home?

For more information, visit with Robbie, in our Adoption Centre, at the SPCA of Western Quebec, 659 Auguste Mondoux, just off the Pink Road, in the Aylmer Sector of the City of Gatineau

Shelter: SPCA of Western Quebec
Pet ID #: 13114
Phone: (819) 770-7722
Fax: (819) 770-7444
E-mail: ahspca@storm.ca
Website: http://www.aylmer-hull-spca.qc.ca
Address: 659 Auguste Mondoux
Gatineau, QC J9J 3K2

 

Adopt a Pet
http://www.adoptapet.com/

[headlines]
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Leasing Attorneys
Many Can Do California Finance Lender’s License

Birmingham, Alabama The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel.  Email: Barry@leaselawyer.com Website: www.leaselawyers.com	California, National: city: Riverside  Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.  Email: leaselaw@msn.com
Kenneth C. Greene California Leasing and Financial consultant, active in several leasing associations, as well as involved in music and film production inLA.  Mention "Leasing News" for a free consultation. 818.575.9095 Skype: 424.235.1658 ken@kengreenelaw.com	Connecticut, Southern New England:  EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates.  email: rcfeldman@snet.net
Los Angeles/Santa Monica Hemar & Associates, Attorneys at Law Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish.  Tel: 310-829-1948  email: phemar@hemar.com
Los Angeles, Southern CA  Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email: vvf@pacbell.net.	Encino, California: Statewide “ELFA”  Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigation, debt collection, and bankruptcy. Call Stephen E. Jenkins Esq (818) 501-3800
Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net	Los Angeles, Statewide: CA      "ELFA" Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com
Los Angeles- Statewide, CA Lawyer specializing in banking and leasing issues statewide. Documents and litigation.  Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129  Cell:(213) 268-8291 Email:  tmccurnin@bkolaw.com	California & National Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services.  (562) 426-1000 www.paulbentlaw.com pbent@paulbentlaw.com
Illinois Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts /restructurings.  Kevin Trabaris Phone:(847)840-4687  Email: kevin@trabaris.com Website: www.trabaris.com.    Blog: trabaris.com/info/blog/	Law Firm - Service, Dallas, TX. "ELFA" Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.  email: dmayer@pattonboggs.com Website: www.pattonboggs.com
Massachusetts (collection/litigation coast to coast)  Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast. Email phone 617-855-9085www.modernlawgroup.com	Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067 E-mail: witt-legal@outlook.com  Web: www.witt-legal.com
National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection,  billable litigation (704-969-3280) tong_92@yahoo.com	National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA).  email: Jcoston@costonlaw.com Website:www.costonlaw.com
St. Louis County , MO. - statewide:  Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates.  Ronald J. Eisenberg, Esq. (636) 537-4645 x108  reisenberg@sl-lawyers.com www.sl-lawyers.com	NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years experience.www.peretore.com	Thousand Oaks, California:  Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation. Nick Iezza 805-777-1175 niezza@spiwakandiezza.com

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

News Briefs---

Marlin Business Services Corp. Sees Strong Trading Volume
  After Dividend Announcement  (Thursday close $16.25)
http://www.dakotafinancialnews.com/marlin-business-services-corp-sees-strong-trading-volume-after-dividend-announcement-mrln/437711/

Fed Leaves Interest Rates Unchanged
http://www.nytimes.com/2015/09/18/business/economy/fed-leaves-interest-rates-unchanged.html

Federal Reserve Projections to 2018
http://www.federalreserve.gov/monetarypolicy/files/
fomcprojtabl20150917.pdf

GE to Expand Aviation Operations Overseas
http://www.wsj.com/articles/ge-to-expand-aviation-operations-overseas-amid-ex-im-bank-debate-1442497525

Credit card processor agrees to settle fraud claims
  To Pay $73,000 in Restitution and Investigative Fees
http://tucson.com/business/local/credit-card-processor-agrees-to-settle-fraud-claims/article_01731904-5c31-514f-bed8-abd0bde25bb4.html

25 Tucson, Arizona restaurants closed in 2015 
  Slideshow of Each Restaurant
http://tucson.com/entertainment/dining/restaurants/tucson-restaurants-closed-in/collection_001e8b90-bc73-11e4-8e79-cfdaf67fd8e8.html

Napa Valley Wine Train sold
  Sale Amount Not Disclosed
http://www.pressdemocrat.com/home/4485077-181/napa-valley-wine-train-sold

[headlines]
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--You May Have Missed It

North Americans Favor Accessing Internet via Mobile
http://www.mediapost.com/publications/article/258453/north-americans-favor-accessing-internet-via-mobil.html

[headlines]
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SparkPeople--Live Healthier and Longer

How to Get Your Daily Dose of Vitamin D
Important Reasons to Soak Up the Sunshine Vitamin
http://www.sparkpeople.com/resource/
nutrition_articles.asp?id=1357&page=2

[headlines]
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Playing the Prison Team at Menard

by Wayne Lanter

Tex was back for his twenty-first season,
twenty consecutive, then one off,
back after being farmed out to Springfield
and jumping parole. With nothing to do,
one afternoon he backed a truck up
to his mother's house while she was gone
(she was eighty) and sold off her furniture
for a hundred dollars and a cheap case of booze.
So he was recalled. He still had a good
fastball, at thirty-nine, since it's all about
numbers, a decent slider, and was wiser now,
after all the years. Then, too, he had nearly
perfect control. Always around the plate,
picking away at the black, changing speeds. 
He could take the buttons off your shirt, 
in and out, waiting, waiting for an opening.
Of course there was the element of surprise.
You never knew what he was going to throw
When you least expected it, he'd spin something
unusual in, a forkhall, maybe a backdoor slider,
or a drifter with zip on it, that fluttered,
then sailed or rolled off the table, something 
that didn't look quite right,
so you suspected he had loaded one up
and wondered what he was chewing,
what he had in his hat or under his fingernails.
After all this was the big house, the big leagues,
he'd been here for twenty-one years,
and there was a certain wisdom and respect in that.
With his record and habits, so what if he got caught?
Where could they send him this time, 
and who would bother?
His mother didn't want him back.

from:
"A Season of Long Taters"
    Baseball Poems
        by 
    Wayne Lander
Published by Snark Publishing
637 W. Hwy 50 #119
O'Fallon, Illinois, USA

(Printed with permission of the author)

[headlines]

[headlines]
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Sports Briefs----

 

Broncos' hex on Chiefs continues
http://www.denverpost.com/kiszla/ci_28834957/broncos-hex-chiefs-at-arrowhead-continues

Roger Goodell's role in conduct policy
  might not change 'for years'
http://www.usatoday.com/story/sports/nfl/2015/09/17/roger-goodell-conduct-policy-art-rooney/32561161/

NFL official was suspicious of McNally years ago
http://www.theredzone.org/BlogDescription/tabid/61/EntryId/51880/NFL-official-was-suspicious-of-McNally-years-ago/Default.aspx

Peyton Manning reaches out to cancer-stricken fan
http://www.nfl.com/news/story/0ap3000000531996/article/peyton-manning-reaches-out-to-cancerstricken-fan?campaign=fb-nf-sf13131518-sf13131518

49ers, Kaepernick expect tougher defensive
   test in Pittsburgh
http://www.insidebayarea.com/49ers/ci_28832611/49ers-kaepernick-expect-tougher-defensive-test-pittsburgh

 

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

 

[headlines]
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California Nuts Briefs---

Deal would let Southern California buy surplus water from Nevada
http://www.reuters.com/article/2015/09/17/us-usa-water-agreement-idUSKCN0RH33K20150917

How six men saved Cobb homes from Valley fire
http://www.pressdemocrat.com/news/4488275-181/how-six-men-saved-cobb

Valley, Butte fire regions face long road to economic recovery
http://www.sacbee.com/news/state/california/fires/article35508918.html

Apple co-founder Steve Wozniak proclaims Ahmed Mohamed a ‘modern day hero
http://thescoopblog.dallasnews.com/2015/09/apple-co-founder-steve-wozniak-proclaims-ahmed-mohamed-a-modern-day-hero.html/

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Chile earthquake epicentre in the country’s Coquimbo wine region
http://www.thedrinksbusiness.com/2015/09/chilean-earthquake-hits-wine-regions/

Three of Napy County 18 wineries have winery audit violations
http://napavalleyregister.com/news/local/three-of-wineries-have-winery-audit-violations/article_d49cdef1-cc57-5caf-9418-0f0eb97cdddf.html

Sonoma County Grape Yields Down but Quality Expected to be Exceptional
http://www.sonomawinegrape.org/news/sonoma-county-2015-harvest-update-3

The Napa Wine Train Sold
http://www.thedrinksbusiness.com/2015/09/napa-wine-train-sold-to-hotel-group/

A to Z Wineworks becomes one of Oregon wine's biggest sellers: Top Workplaces 2015
http://www.oregonlive.com/business/
index.ssf/2015/09/a_to_z_wineworks_becomes_one_o.html

Ask a Somm: Which Unknown Grape Varietals Will Be Big in 10 Years?
http://www.eater.com/2015/9/16/9336319/wine-varietals-rare-unknown

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm